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Estate Planning

An estate plan is an important part of financial planning, and it's something that everyone should have. Estate planning is the process of creating a plan for how your assets will be distributed after you die. This includes things like your home, your savings, and any other property you own.

Creating an estate plan can be simple or complex, depending on your needs. Regardless of the complexity, there are some basic things that everyone should do as part of their estate planning. For example, you should designate a guardian for your minor children, set up a trust to care for them financially, and pass along sentimental items to your loved ones with a few simple documents.

If you don't have an estate plan in place, now is the time to get one. The sooner you start, the better prepared you'll be for the future. 

Our team of Spokane Financial Advisors can help you understand the different options available to you, and help you make the best decisions for your unique situation.

An estate plan usually includes:


There are a few key things to keep in mind when you're planning your estate. First, you'll want to consider who will care for your minor children or other dependents. You'll also want to think about who will inherit your property. It's important to make these decisions now, so that your loved ones are taken care of in the event that something happens to you.


Another important thing to consider is whether or not you want to set up a trust. A trust can be a great way to provide for the ongoing care of your heirs, or to make sure that your assets are distributed in a way that aligns with your wishes. Unlike a will, a trust is a document that survives even after you're gone.

Healthcare Directives

Think about whether or not you need a health care declaration or power of attorney for health care. These documents allow someone you trust to make decisions about your health care in the event that you are unable to do so.

Financial Power of Attorney

It's important to choose someone you trust. This person will have the authority to handle your money and property if you're unable to do so. Make sure to schedule an appointment with our team of Spokane Financial Advisors to get started.


Have you designated beneficiaries for your retirement accounts? Are they up to date? You can name a beneficiary at the time you open bank and investment accounts, and update them as needed through marriage, divorce, death, adoption, and other events. You should also keep your insurance beneficiaries updated.

Life Insurance

Be sure you also keep your insurance beneficiaries updated.

Estate Planning Made Easy

Estate planning is a simple way to make sure your wishes are carried out when you're no longer able to do so. Make a plan and update it regularly. You'll feel more organized, and be confident that your loved ones won't be unnecessarily burdened in the future.

Ready to take the next step? Schedule a FREE consultation with us. We want to learn about you and your unique situation and goals. Together we will develop a financial path that's tailored to your specific needs!

Ready to take the next step?

Schedule a FREE consultation with us. We want to learn about you and your unique situation and goals. Together we will develop a financial path that’s tailored to your specific needs!

Yes, I want to create an estate plan for my family


Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. This information is not intended as authoritative guidance or legal advice. You should consult with your attorney for guidance on your specific situation. Fulcrum Financial Group and LPL Financial do not offer legal advice or services.