Estate Planning

Make sure your assets are covered

We take the time to learn about you and your family to efficiently implement an estate plan that matches your goals.

When you die, the default outcome is that your assets become public record for anyone to view. This process, known as probate, can take 6+ months and is expensive (2-7% of your estate). You can avoid this outcome by using a trust.

The Compound estate planning process is straightforward—we work with an experienced estate attorney to walk you through the process, explain the importance of each document, and then we help you coordinate the rest. We minimize any unnecessary small-talk, lengthy paperwork, or confusing fees.

An image illustrating how a trust works.

What’s an estate plan

The Core Documents

Revocable Living Trust, Pour-over Will, and Certification of Trustee

Who is going to receive each asset from your estate?
How and when will each recipient access their designated assets?
Who would you like to make decisions over your estate when you are no longer able to?
What are the guidelines by which others should make those decisions?

Healthcare power of attorney

AKA: Durable Power of Attorney, Advance Health Care Directive, and Authorization for Release of Protected Health Information (HIPAA)

Who manages your personal finances, family decisions, and healthcare should you become incapacitated?

Setup Efficiently

Talk to your Compound Planning advisor about your estate planning needs

This discussion outlines how estate planning may or may not fit into your broader financial goals. Your wealth advisor will also help you understand the overall estate planning timeline from start to finish.

Chat with an estate attorney who specializes in working with people like you

This is a 30 minute discussion with an attorney to help you identify if setting up an estate plan makes sense for your needs. You’ll be sent pre-reading to make the conversation productive.

Collaborate with the attorney to decide on roles for your estate plan

This is a back-and-forth exercise where you will determine key roles and responsibilities related to your estate plan. The attorney will help you choose based on your needs.

Sign documents live with the attorney and notary

The live signing ceremony is an efficient way to finalize your estate plan in one setting. We’ll bring all the relevant stakeholders together so you can get everything done without the usual back and forth.

Fund the trust by retitling relevant assets with the attorney

You’ll receive clear instructions on how to retitle your relevant assets. You’ll also get assistance on how to place any non-standard assets inside of your estate plan.

Irrevocable Trusts

You may want to explore what’s called “irrevocable estate planning.” Within irrevocable trusts, there is an alphabet soup of specific wealth transfer strategies. Some examples you may have heard about include GRATs, CLATs, CRUTs, IDGTs, ILITs, QTIPs, and SLATs. These are complex estate planning tools and should only be used in conjunction with the advice of a sophisticated estate planning attorney. Speak to your Compound Planning advisor and estate attorney to review any strategies for your situation that may be beneficial to implement now or in the future.

Atomi Financial Group, Inc. dba Compound Planning (“Compound Planning”) is an investment adviser registered with the Securities and Exchange Commission and based out of New York. The statement, claim, commentary and/or content made herein and as found in Compound Planning’s websites, videos, podcasts, blog posts, articles and other publications or materials, as applicable (collectively, the “Materials”), provides general market commentary and information and/or expresses the personal opinion of the author or speaker which does not necessarily reflect the views or opinions of Compound Planning.

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Compound connects clients to other third party professionals to provide advice and services (“Additional Services”) relevant to their life goals and plans, including, without limitation, tax, accounting, asset management and attorneys (each, a “Consultant”). Depending on the particular Consultant, you may be required to enter into a separate agreement directly and/or provide additional documentation or information to that Consultant. Compound does not provide accounting, tax or legal advice.