Financial Wellness in the New Year: Why a Will Alone Isn’t Enough

Financial wellness is about more than building wealth—it’s about protecting what you’ve built. Too often, families assume that a simple will is enough to safeguard their future, only to discover its limitations when life throws them a curveball.

Take the Petersons, for example. When their father passed away, his will outlined how his assets should be divided. But the will alone didn’t account for probate, which delayed the process and created unexpected costs. Worse, his retirement accounts had no beneficiary listed, leaving the funds tied up in court. For a family already grieving, these complications added unnecessary stress.

An estate plan goes beyond a will to provide a complete strategy for protecting your financial wellness. This includes:

  • Trusts: A trust may help you avoid probate, protect assets from creditors, and provide ongoing support for your loved ones.

  • Powers of Attorney: These documents ensure that someone you trust can make financial and healthcare decisions if you’re unable to.

  • Tax Strategies: Proper planning can minimize estate taxes, leaving more for your heirs.

Estate planning isn’t just for the wealthy or the elderly—it’s for anyone who wants to ensure their financial goals are aligned with their long-term security.

This year, take control of your financial future. Request a Consultation or Register for a Workshop to learn more.