Estate Planning
Estate planning guidance that protects your wishes, your family, and the legacy you have built.
Estate Planning for Seniors
Estate planning is about making sure your wishes are clear and your loved ones are protected, both financially and emotionally. It provides direction if you become unable to make decisions for yourself and ensures your assets are handled according to your values after you are gone. More than anything, estate planning brings peace of mind by putting a clear plan in place.
Many people believe estate planning is only necessary for those with significant wealth, but that is a common misconception. Every senior can benefit from having an estate plan, regardless of the size of their estate. It is not about how much you have. It is about control, clarity, and reducing stress for the people you care about most.
Why Estate Planning Matters
As life changes, having your affairs in order becomes increasingly important. A well designed estate plan can help you:
- Ensure your assets such as your home, savings, life insurance, and personal belongings go to the right people
- Protect your spouse and family from unnecessary stress, confusion, or conflict
- Reduce taxes, legal fees, and delays
- Clearly communicate your healthcare wishes if you are unable to speak for yourself
- Avoid the lengthy and often expensive probate process
Key Components of an Estate Plan
A complete estate plan typically includes several important pieces that work together to protect you and your family.
Will
A legal document that outlines how your property and possessions should be distributed after your death.
Trust
A tool that can help manage your assets during your lifetime and distribute them smoothly afterward, often allowing your estate to avoid probate.
Power of Attorney
Authorizes someone you trust to handle financial matters on your behalf if you become unable to do so.
Healthcare Directive (Living Will)
Documents your medical care preferences and appoints someone to make healthcare decisions if you become incapacitated.
Beneficiary Designations
Ensures life insurance policies, retirement accounts, and other financial assets pass directly to the individuals you choose.
A Thoughtful Approach to Estate Planning
At Frana Wealth Management, we believe estate planning is not just about preparing for the end of life. It is about protecting the life you have built. We work alongside trusted legal and financial professionals to help you create a plan that reflects your values, safeguards your loved ones, and provides confidence for the future.
Trusted by seniors and families across East Tennessee
During the seminar, Amanda did a great job explaining the Medicare options!
Amanda gave more information than my "former" agent did in the past 3 years total!
Great presentation. Amanda is an exceptional speaker. As a previous owner of a software education company, I would have loved to have you as one of our presenters.
Thanks for making this transition so smooth and painless. You are great at your job.
Questions?
We’re here to help.
How do I know which Medicare option is right for me?
We look at your doctors, prescriptions, budget, and preferences, then compare plans to find the best fit.
What type of life insurance is best for seniors?
It depends on your goal. Term coverage can protect loved ones for a set period, while final expense coverage is designed to handle end-of-life costs.
Are annuities safe, and how do they fit into retirement?
Some annuities can provide predictable income and protection from market swings. We help you understand the tradeoffs and whether it fits your plan.
Can you help if I’m under 65 and need health insurance?
Yes. We help individuals and families compare Marketplace plans and see if you qualify for savings.
Do I need estate planning if I don’t have a large estate?
Often, yes. Estate planning is about protecting your wishes, reducing stress for your family, and keeping decisions clear.
What happens after I choose a plan or policy?
We stay available for questions, annual reviews, and updates as your needs or coverage change.
Get the clarity you need today
