HCR Wealth Advisors Helping Organize Your Assets

HCR Wealth Advisors

HCR Wealth Advisors are dedicated to getting you ready to plan your estate out for the rest of your life. HCR Wealth Advisors help people plan out how their assets will be spent, where and how it will get saved away, and how their assets will get distributed when the day comes that they are no longer able to take care of their assets or after they pass away. The goal that HCR Wealth works toward when helping you plan out your estate is making sure your assets are squared away neatly as quickly as possible and in the most tax-efficient manner as possible. Doing this kind of planning can be difficult as it causes a person to think about what they want to be done with their things after they die, but it is vitally important to take time to plan for these things so that it is one less thing for your family to worry about in the event of your death. There are a few documents that you will need to work on to properly take care of when making your estate plan and HCR Wealth Advisors are here to walk you through every part of it.

Write your will

You need to have a will so that you can have what you want to be done with your assets written down on paper in the case of your death. The will also include what you want to happen to your children if you and their other parent pass away so you know they are going to be taken care of. When making a will, you want to pick out a primary and a secondary representative who will be in charge of making sure your will is carried out properly.

Power of attorney for finances

This document grants one person to make the financial decisions for you in case you become incapacitated. This document will give the person the power to act in your best interest and take care of you and your assets as best as they can.

Health care directive

HCR Wealth Advisors will help clients write this living will which will give a person the power to make the decision for how your health care should go if you can’t make that decision. For example, they will follow out your wishes if you want feeding tubes, life support, etc.

It is important to start this process sooner rather than later and begin at least writing a draft so that you can ensure your assets, health, and finances are squared away and organized.

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