Estate Planning
As a client of Springberg Wealth Management, you’ll partner with a dedicated financial advisor who will guide you on how best to pass on assets to your spouse and heirs.
Organize and Manage
Your Assets
Having worked with hundreds of widow/widowers and beneficiaries, we have insights that help assist clients make sure their affairs are in order and how to navigate what can be an intimidating process.
We work with legal professionals to make sure our clients have appropriate documents in place, such as wills and trusts, as well as proper beneficiary designations.
It is our goal to make the financial process as easy as possible on your loved ones when you pass away.
Estate Planning FAQ’s
Do I really need an estate plan if I’m not wealthy?
Most people assume estate plan is only for high-net-worth individuals – it’s not. An estate plan ensures your assets are distributed according to your wishes, avoids unnecessary legal complications, and designates who makes decisions if you’re incapacitated.
What’s the difference between a will and a trust?
A will outlines how your assets are distributed after death and typically goes through probate. A trust can manage and distribute assets both during your lifetime and after death, often avoiding probate and offering more control, privacy and efficiency. The right choice depends on complexity, asset size and planning goals.
How can I avoid probate?
Common strategies include establishing trusts as well as using beneficiary and transfer on death (TOD) designations. All investment accounts and life insurance that we utilize have these probate-avoiding designations.
