Many people associate the phrase "estate planning" with executing a will, but that’s just one aspect of a broader strategy.
Collaborating closely with Northwestern Mutual’s superb team of estate planning experts, our financial professionals will work with you to develop a plan that ensures your wishes are known and efficiently carried out.
LEGAL ASPECTS OF ESTATE PLANNING
We also recommend working with an estate planning attorney to establish:
- Health care directives and a living will that specify the extent to which you want health care professionals to treat you if you become ill or incapacitated.
- Powers of attorney that grant people you trust the legal authority to act on your behalf in case of sudden accident or illness.
- A will or trust to ensure your assets are transferred according to your wishes. (Northwestern Mutual Wealth Management Company can serve as trustee, co-trustee or successor trustee in a wide range of situations.)
- The naming of a legal guardian for children under the age of 18.