To Inform:

October is National Estate Planning Awareness Month, a nationwide initiative established by Congress in 2008 to help individuals and families understand the importance of creating or updating an estate plan.

At The Joseph Group, we recognize that estate planning can feel overwhelming or easy to postpone. It’s common to think of it as something only relevant for the elderly or the ultra-wealthy—but that’s a misconception. Estate planning is a vital part of financial wellness for everyone, regardless of age or income level. And the good news is, it doesn’t have to be complicated or costly.

So, what is estate planning, really? At its core, it’s about making your wishes known—both for your care if you become incapacitated, and for how your assets should be handled after your death. A thoughtful estate plan gives you a voice during times when you may not be able to speak for yourself and provides clarity and direction for your loved ones during what can be a difficult time.

A comprehensive estate plan typically includes:

• Last Will and Testament – outlines how you want your assets distributed and can name guardians for minor children.
• Durable Powers of Attorney – designate someone to make financial and healthcare decisions on your behalf if you’re unable to do so.
• Beneficiary Designations – ensure that retirement accounts, life insurance policies, and other assets pass directly to the people you choose.
• Trusts – may be appropriate for managing assets, avoiding probate, or providing for loved ones in specific ways.

These documents work together to protect your family, minimize legal complications, and may even reduce taxes. More importantly, they reflect your values and intentions.

If you’re unsure where to start, we’re here to help. Our team at The Joseph Group is happy to talk through your estate planning goals and answer any questions you may have. We can also refer you to trusted local attorneys who specialize in estate planning and can guide you through the legal process.

Estate planning may not feel urgent—but it is important. Taking the time now to put your wishes in writing is a gift to yourself and to those you care about. Let us help you take that step with confidence and peace of mind, you’ll be thankful you did.