Introduction to Estate Planning: 5 Decisions That Shape Your Family’s Future

“By failing to prepare, you are preparing to fail."
- Benjamin Franklin

Why Estate Planning Matters

When most people hear “estate planning,” they imagine dusty law books, endless paperwork, and an attorney who charges by the minute to explain what you do not understand. But estate planning does not have to feel overwhelming. At its core, it is simply about protecting the people you love and making sure your wishes are honored, both while you are alive and after you are gone.

Think of it as leaving a roadmap instead of a scavenger hunt. With a plan in place, your family gets clarity, not chaos.

Every good estate plan boils down to five big decisions. These are not abstract legal concepts. They are real-life choices about real-life people: your people.

1. Beneficiaries (Who Gets What)

This is the “who” of your plan. Who gets your assets when you are gone? Most parents leave everything to their kids in equal shares. But you can also leave a gift to your church, a charity, or even that cousin who never forgot your birthday. It is your call.

2. Method of Distribution (How They Get It)

This is the “how.” Will your loved ones get everything at once, or will you spread it out over time? Giving a 19-year-old a six-figure inheritance can be like giving them the keys to a Ferrari without driving lessons. That is why many parents release funds in stages, such as one third at 25, another at 30, and the final share at 35.

If you have a loved one with special health needs, a special needs trust can ensure they are cared for without losing important benefits.

3. Successor Trustee, Executor, or Financial Power of Attorney (The Money Manager)

This is the person who steps in to handle your finances if you cannot. They will pay bills, manage accounts, and make financial decisions. The best choice is someone responsible, organized, and level-headed. Translation: your brother who “borrows” money and forgets to pay it back is probably not the right pick.

If no family member fits, you can name a professional trustee. Most people list two or three backups in case the first is unavailable.

4. Health Care Power of Attorney (The Health Advocate)

This is the person who makes medical decisions if you are unable to. It is not an easy role. They may be making choices in highly emotional moments. You want someone who is calm, compassionate, and able to follow your wishes.

This document also spells out your end-of-life and organ donation preferences, removing the burden of guesswork from your loved ones.

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Closing Thoughts

Bottom line: Estate planning is not about being rich or owning a mansion. It is about caring for the people who matter most. By making these five decisions, you are giving your family a gift that lasts long after the reading of the will.

At Fortis Planning, we believe every family deserves clarity, confidence, and a plan that works in the real world. Our role is to guide you through these choices, answer the questions you did not know you had, and help you create a plan that reflects your values.

If you are ready to take the next step, let’s start the conversation. Together we can turn “someday I will get around to it” into peace of mind today. Head on over to our Contact Us page to schedule time.

Want to learn more before you decide? Explore our FREE Resources Page or check out answers to common questions in our FAQs.