Estate planning is not only about what happens to your assets after you die. It is also about maintaining control during your lifetime.
A thoughtful plan may include a will, durable power of attorney, healthcare directive, updated beneficiary designations, and, when appropriate, a trust. Together, these tools can help clarify who will make decisions if you become incapacitated, how loved ones will be supported, and how your assets should be distributed.
For women, this planning can be particularly important given longer average lifespans and the financial effects of caregiving responsibilities.
The best first step is often a coordinated review with your financial, legal, and tax professionals. Estate planning is personal, and the right strategy should reflect your family, priorities, and long-term goals.
Spousal Lifetime Access Trust - Prudential
This information is not intended to be a substitute for individualized legal advice. Please consult your legal advisor regarding your specific situation.