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Robert L. Davis, CPA
Financial Advisor
Crystal D. Davis, CFP®
Financial Advisor
Davis Financial Services, LLC
Park Place Professional Center
5871 Allentown Road
Camp Springs, MD 20746
Phone: 301-702-9300
Website: www.davisfinancialsvcs.com
May/June 2026
Basics of Estate Planning
Estate planning is a crucial process that ensures your assets are managed and distributed according to your wishes after your death. The foundation of a solid estate plan involves several key components.
Create a Will
It specifies how your assets—such as property, savings, and personal belongings—will be distributed. Without a will, state laws determine your estate's distribution, which may not align with your wishes.Powers of Attorney
Consider establishing powers of attorney and healthcare directives. These legal documents designate trusted individuals to make financial and medical decisions on your behalf if you become incapacitated.Trusts
Setting up a trust can be advantageous for controlling assets, avoiding probate, and minimizing taxes.Trusts
can be especially helpful for managing assets for minors or beneficiaries with special needs.Regularly reviewing and updating your estate plan is essential, especially after major life events such as marriage, divorce, or the birth of a child.
Consulting with an estate planning attorney ensures your documents comply with current laws
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Davis Financial Services, LLC and LTM Marketing Solutions, LLC are unrelated companies. This newsletter was created by LTM Marketing Solutions, LLC and was not written or created by the named financial professional and does not necessarily represent the views and opinions of Avantax Wealth Management® or its subsidiaries.
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