Shawn Stoller Discusses Elements of an Estate Plan

1. Shawn Stoller Discusses Elements
of an Estate Plan

2. 
With more than 30 years of experience as a
financial coach and business consultant, Shawn
Stoller assists clients in planning for a sound
financial future. In his current role at Eastside
Accountants in Bellevue, Washington, Shawn
Stoller advises clients on tax planning and
preparation, retirement planning, new business
start-up operations, and estate planning.

3. 
Below are a few elements that may be
incorporated into an estate plan:

4. 
Revocable living trust – The benefits of a
revocable living trust are privacy and the
avoidance of probate. Living trusts are private,
unpublished documents. In the case of death,
living trusts also save the trust holder and family
members both time and money, as the trust
specifically outlines the trust holder’s wishes
regarding his or her estate while avoiding probate
proceedings or additional legal fees.

5. 
Will – A will serves as a blueprint for any estate
plan. It clearly outlines an individual’s wishes
regarding how assets are to be handled in the
event of death.

6. 
Durable power of attorney – A durable power of
attorney is a document that states an individual
has appointed another individual to handle
matters on his or her behalf in the event of
incapacitation. The appointed individual has the
ability to handle day-to-day matters such as
transferring assets or executing legal documents.

7. 
Durable power of attorney – A durable power of
attorney is a document that states an individual
has appointed another individual to handle
matters on his or her behalf in the event of
incapacitation. The appointed individual has the
ability to handle day-to-day matters such as
transferring assets or executing legal documents.