LET US HELP YOU PREPARE YOUR OTHER IMPORTANT SET OF LESSON PLANS—YOUR ESTATE PLAN  

Thank you for your dedication to educating the next generation. Just as you carefully plan each lesson to set your students up for success, we want to help you put a plan in place for the next chapter of your life. Educators have unique planning considerations, and we want to ensure that yours are addressed thoughtfully. 

Retirement Planning

Depending on your school district, you may have access to several types of retirement benefits. Some educators participate in defined-benefit plans, also known as pension plans, which promise a specific payment amount at retirement. Others may have defined-contribution plans, in which you (and sometimes your employer) contribute to your individual account, and the value depends on investment performance.

Regardless of the type of plan available to you, it is important to understand how your benefits work. We can help you confirm that your beneficiary designations are current and aligned with the rest of your plan—an important step because these designations override what your will says. We can also evaluate your pension's survivor options to ensure that they fit your family's needs, as well as review how recent legal changes may affect you.

Important Estate Planning Documents

Whether you are starting from scratch or already have a few pieces in place, here are the foundational documents most people should have:

●        Last will and testament. Outlines how your money and property (assets) are distributed after your death

●        Financial power of attorney. Appoints a trusted person to handle your finances if you cannot, such as paying bills or managing accounts

●        Medical power of attorney. Appoints a trusted person to make healthcare decisions on your behalf

●        Advance directive or living will. Communicates your wishes for end-of-life care, such as life-prolonging procedures, to your healthcare decision-maker

●        Health Insurance Portability and Accountability Act (HIPAA) authorization form. Allows chosen individuals to receive your medical information to stay informed, without giving them decision-making authority

●        Revocable living trust (optional). Allows you to manage your assets during your lifetime and direct what happens to them after your death

If you already have some of these documents prepared, you are on the right track. If not, we can help you create a plan that fits your situation.

We Are Here to Help You

We deeply appreciate the guidance you are providing to future generations and are committed to helping you put a thoughtful estate plan in place to protect yourself and your loved ones. We offer virtual and in-person consultations and are happy to work around your school schedule. Reach out when you are ready to start writing your own set of lesson plans.