Advice from your Local Financial Professionals James R. Wallisch, CFP® | LPL Financial Advisor | james.wallisch@lpl.com Andrew J. Wallisch | LPL Financial Advisor | andrew.wallisch@lpl.com Power of DON'T WAIT UNTIL IT'S TOO LATE TO HAVE A WILL If the words 'Estate Planning' bring to mind mansions, private islands and offshore bank accounts, we'd like to encourage you to think about it a little differently. An estate plan isn't just for the wealthy. That's because your estate is anything you own that will be passed down, paid off, or otherwise disposed of upon your death. An estate plan is made up of the official documents that legally ensure your wishes i are carried out. Creating one can be simple and inexpensive. FCF FINANCIAL SERVICES Wills and trusts are two of the most popular you to spell. out how you would like your property to be distributed, but they also go far beyond that. Besides enabling you to determine the determine the horror distribution of your property, a' will gives you the opportunity to nominate your executor and guardians for your minor children. If you fail to make such designations through your will, the decisions will probably be left to the courts and could have a long-lasting-and costly-impact on your loved ones, even if you don't have a pricey home, large IRA, or valuable art to pass on. Even with these consequences, believe it or not, 63% of Americans do not have a will at all, and another 9% have one that is out of date. And among seniors age 65 and older, only half We get it. It's not a whole lot of fun planning for when you are gone. We've all heard the horror stories. Without a plan, it becomes monumental detective work just to try to figure out exactly what the deceased had and where. And even worse, the war between family members begins. One sibling may think they deserve more than another, or one sibling may think they should be in charge of the finances even though they're notorious for racking up debt, Loved ones end up pitted against one another. At its core, estate planning is about life and death, family and community, and love and values. When you think about your legacy, there can certainly be a lot to consider and it can be overwhelming. But at the end of the day, keeping an up-to-date plan can save your loved ones a lot of time and trouble. It shouldn't be left to someone else to decide how an estate is divided. Our plea to clients and to everyone in the local community is to help your survivors and don't put them in a difficult situation because you put off something that you should have done long ago. 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. LPL Financial 1090 Freeport Road, Suite 150, Pittsburgh, PA 15238 | (412) 967-9272 | foxchapelfinancial services.com The views expressed represent the opinion of Fox Chapel Financial Services and is for informational purposes only. LPL Financial does not offer legal advice or services. Consult with your personal legal advisor regarding your situation. Securities and advisory services offered through LPL Financial. A registered investment advisor, Member FINRA/SIPC. Advice from your Local Financial Professionals James R. Wallisch , CFP® | LPL Financial Advisor | james.wallisch@lpl.com Andrew J. Wallisch | LPL Financial Advisor | andrew.wallisch@lpl.com Power of DON'T WAIT UNTIL IT'S TOO LATE TO HAVE A WILL If the words ' Estate Planning ' bring to mind mansions , private islands and offshore bank accounts , we'd like to encourage you to think about it a little differently . An estate plan isn't just for the wealthy . That's because your estate is anything you own that will be passed down , paid off , or otherwise disposed of upon your death . An estate plan is made up of the official documents that legally ensure your wishes i are carried out . Creating one can be simple and inexpensive . FCF FINANCIAL SERVICES Wills and trusts are two of the most popular you to spell . out how you would like your property to be distributed , but they also go far beyond that . Besides enabling you to determine the determine the horror distribution of your property , a ' will gives you the opportunity to nominate your executor and guardians for your minor children . If you fail to make such designations through your will , the decisions will probably be left to the courts and could have a long - lasting - and costly - impact on your loved ones , even if you don't have a pricey home , large IRA , or valuable art to pass on . Even with these consequences , believe it or not , 63 % of Americans do not have a will at all , and another 9 % have one that is out of date . And among seniors age 65 and older , only half We get it . It's not a whole lot of fun planning for when you are gone . We've all heard the horror stories . Without a plan , it becomes monumental detective work just to try to figure out exactly what the deceased had and where . And even worse , the war between family members begins . One sibling may think they deserve more than another , or one sibling may think they should be in charge of the finances even though they're notorious for racking up debt , Loved ones end up pitted against one another . At its core , estate planning is about life and death , family and community , and love and values . When you think about your legacy , there can certainly be a lot to consider and it can be overwhelming . But at the end of the day , keeping an up - to - date plan can save your loved ones a lot of time and trouble . It shouldn't be left to someone else to decide how an estate is divided . Our plea to clients and to everyone in the local community is to help your survivors and don't put them in a difficult situation because you put off something that you should have done long ago . 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 . LPL Financial 1090 Freeport Road , Suite 150 , Pittsburgh , PA 15238 | ( 412 ) 967-9272 | foxchapelfinancial services.com The views expressed represent the opinion of Fox Chapel Financial Services and is for informational purposes only . LPL Financial does not offer legal advice or services . Consult with your personal legal advisor regarding your situation . Securities and advisory services offered through LPL Financial . A registered investment advisor , Member FINRA / SIPC .