Planning for Life’s Grand Adventures

Do you have a bucket list? If you do, it probably includes thrilling activities or places to visit. However, before you try skydiving or travelling to the new hotel in outer space (potentially opening in 2025), it may be good to have a plan in place in case someone “kicks the bucket” while checking off that bucket list. Having an estate plan ultimately gives you and your family peace of mind, so you can enjoy experiencing all of life’s grand adventures.

Here at First Covenant, as a corporate fiduciary, we help people navigate through both estate planning and administration. Whether you have no estate plan, need help understanding your estate plan, or want to finally update that 30-year-old Trust/Will tucked away in the file drawer and don’t know where to start – we can help with that!

Our ultimate goal is to give you peace of mind. Clay Hixson, our CEO and a Trust Officer, wrote about this in a recent blog post. Here’s one example of how we delivered this to a client:

“I had a client call in who wanted to update his old estate planning documents—something he had been putting off for a while. Although he had read through his trust before, it was full of legal jargon that he didn’t understand. So, before he met with an attorney, he asked us to review the trust. When we sat down to discuss our review, he was surprised to find that his document didn’t quite align with his wishes for the beneficiaries. We had several conversations to fully understand his wishes, then discussed our provision recommendations with his attorney. This client has mentioned several times that reviewing his document gave him peace of mind. He could sleep better at night and enjoy travelling knowing his possessions and hard-earned money will be distributed exactly as he wished, and that his family won’t have the burden of having to administer the trust.”

Our insight on estate planning is unique because we administer trusts and estates every day. We’ve seen how even slight wording changes in a Will or Trust can either help or hinder administration, as shown in the example above. However, we don’t only offer assistance on the front-end of estate planning. We can act as your corporate fiduciary in any of these roles:

  • Trustee/Co-Trustee
  • Executor
  • Conservator
  • Power of Attorney for Finances
  • Agent (for Trustee, for Executor, etc.)

For those without family members or friends that can serve, a corporate fiduciary is a great alternative. You can read more about why your choice of trustee matters here.

If you’re ready to get some advice about your estate plan, or want more information about our fiduciary services, don’t hesitate to reach out! You’ll be able to live life to the fullest without worrying about your legacy. And if your bucket list includes that space hotel, make sure to float a postcard down to us!

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