Continuing to serve you in a thoughtful way.

Throughout the challenges of recent months, we’ve continued to safely serve investors’ needs. We are thoughtfully evaluating our office openings and in-person appointments. Learn More

How Strong Is Your Estate Strategy?

June 29, 2020

Recent events may have you thinking about what would happen to your family if something happened to you. Will your assets go to the people and causes you care about most? Test your strategy by answering these questions.

Are your wishes clearly documented?

Depending on your situation, this could include setting up a will, living trust, power of attorney, health care directive and naming beneficiaries. If you have children or grandchildren you care for, be sure to name guardians for them.

Does your estate strategy allow you to meet today's needs and future goals?

Are you saving for retirement? Or, maybe you're providing financial support to loved ones or investing toward an education goal for your kids or grandkids. It's hard to think about legacy goals when you're juggling immediate needs, but you don't necessarily have to sacrifice one goal for another. Talk to your financial advisor about the tradeoffs of balancing multiple goals and strategies for achieving them.

Does your estate strategy cover everything you need it to?

In some cases, a less complex strategy may be sufficient. But that simplicity could mean less control over taxes and how your beneficiaries use the funds. A trust could provide more control, but may also be costly, complex and irrevocable, depending on the strategy.

Does your strategy reflect your current situation and tax laws?

Estate tax laws and family situations change. Have you gotten married or divorced since you established your plan? Or welcomed a new child or grandchild into the family? It's important to review your strategy regularly to ensure it's keeping pace with your life.

Does your estate strategy check all of these boxes? If not, it may be time to talk to a professional. Contact your Edward Jones financial advisor, estate-planning attorney and tax professional to discuss your strategy to ensure it meets your needs now and in the future.

Important Information:

Edward Jones, its employees and financial advisors are not estate planners and cannot provide tax or legal advice. You should consult your estate-planning attorney or qualified tax advisor regarding your situation.

More Resources:

Should I Worry About Estate Taxes?

Taking steps today may help reduce the amount of taxes you or your heirs may pay later.

Weekly Market Update

Each week we provide a summary of market highlights and the latest economic news.

Edward Jones Perspective Newsletter

Want our free e-newsletter sent to you each month? Ask your financial advisor to sign you up.

Find a Financial Advisor

Find a Financial Advisor

Select a State and then enter a last name

    4 Things Your Family Should Know About Your Estate Plan

    When family members know about your preferences, they will feel more comfortable making the right decisions for you when needed.

    Read more

    Your Physical, Emotional and Financial Health

    We're here for you – ready to listen, support and navigate these topics together.

    Read more