Estate Planning

Last updated: Apr 7, 2026
Estate Value
$1,450,000
Estimated current value
Documents Status
2/5
Critical documents
Beneficiaries
3
Designated
Federal Exemption
$13.61M
2026 limit (no exposure)
Essential Estate Documents

Last Will & Testament

Establishes how your assets are distributed and names an executor.

Complete Last updated: 2023

Financial Power of Attorney

Authorizes someone to manage your finances if you're incapacitated.

Complete Last updated: 2023
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Healthcare Power of Attorney

Authorizes someone to make medical decisions if you're unable.

Action Needed Not yet executed
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Living Will / Healthcare Directive

Documents your wishes for end-of-life medical care.

Action Needed Not yet executed

HIPAA Authorization

Allows designated individuals to access your medical records.

Complete Last updated: 2023
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Revocable Living Trust

Avoids probate, provides for incapacity, and manages assets for beneficiaries.

Review Recommended Consider for asset protection
Beneficiary Designations
Sarah Escher Spouse
Life Insurance Primary — 100%
401(k) & IRA Primary — 100%
Brokerage Accounts Primary — 100%
Emma Escher Daughter, Age 12
Life Insurance Contingent — 100%
College 529 Primary — 100%
Jack Escher Son, Age 9
Life Insurance Contingent — 100%
College 529 Primary — 100%

⚠️ Beneficiary designations are legal agreements. Ensure they match your will. Review annually or after major life events.

Estate Distribution (When Complete)
Spouse (Sarah) 100%
Children (Emma, Jack) 100% if no spouse
Charity None designated
Priority Estate Actions
HIGH

Execute Healthcare Power of Attorney

This document is critical for medical decision-making if you're incapacitated. It costs little and provides significant peace of mind.

HIGH

Create Living Will / Healthcare Directive

Document your wishes for end-of-life care. This removes burden from family during difficult times.

MED

Review Living Trust Options

Given your estate value, a revocable trust could simplify probate and provide additional protections. Estimated cost: $1,500-3,000.

MED

Schedule Annual Document Review

Life changes (marriage, children, home purchase, income changes) require estate plan updates. Schedule annual reviews.

Estate Planning Attorney

We can recommend an estate attorney if you need assistance creating or updating your documents.

Note: Your documents from 2023 may need review to ensure they reflect your current situation.