Of course, there's your will—a set of instructions that tells your family who should get what and can name a guardian for any of your children under 18 years old (if necessary). You should create documents to designate who should make financial and medical decisions if you can't make them yourself. But that's just part of it.
Your Northwestern Mutual advisor can help you coordinate your estate plan with your other advisors like attorneys, accountants, and tax professionals to do things like set up trusts, minimize estate taxes and administrative costs, protect your estate from mismanagement, and more. You can even talk with them about how to minimize taxes paid on the inheritance you leave behind.
The shortest known wills are only three words long, reading, “all to son” and “all to wife.”
Our financial advisors can help with your estate planning and show you how it fits into your bigger financial plan.Let's Talk