Estate Planning

At Otium Financial Planners, we help simplify the complexity of estate planning and provide you with the knowledge needed to actively participate in your own legacy planning. Using a holistic view, we demonstrate the transition of wealth between generations — helping you build a plan that reflects your values and protects the people you love.

Watch: An overview of estate planning and why it matters

What Estate Planning Covers

Key Components of a Comprehensive Estate Plan

Estate planning is far more than writing a will. A well-designed estate plan covers every aspect of how your wealth, healthcare, and legacy will be managed — both during your lifetime and after.

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Wills & Trusts

A will directs how your assets are distributed. A trust can provide greater control, privacy, and tax efficiency — and can help your family avoid the time and expense of probate court.

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Beneficiary Designations

Retirement accounts, life insurance, and certain assets pass directly to named beneficiaries — bypassing your will entirely. Keeping these current and coordinated is critical.

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Power of Attorney

A durable power of attorney designates someone to manage your financial affairs if you become incapacitated — protecting you and your family from difficult situations.

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Healthcare Directives

A healthcare proxy and living will document your medical wishes and designate someone to make healthcare decisions on your behalf if you are unable to do so yourself.

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Gifting Strategies

Strategic gifting during your lifetime can reduce the size of your taxable estate, benefit your heirs now, and support charitable causes that matter to you — all in a tax-efficient way.

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Business Succession

If you own a business, a succession plan ensures it continues to operate smoothly — or is transferred or sold according to your wishes — when you retire, become ill, or pass away.

How We Work

Our Holistic Approach to Estate Planning

Understand Your Goals & Family Situation

Every estate plan begins with a conversation about what matters most to you — your family, your values, your charitable intentions, and how you want your legacy to be remembered. We listen first, then plan.

Map Your Current Estate Picture

We take inventory of your assets, account titlings, beneficiary designations, and any existing estate documents — identifying gaps, inconsistencies, and opportunities that may be costing your heirs time and money.

Model Wealth Transfer Scenarios

Using interactive planning tools, we demonstrate how your wealth would transition between generations under different strategies — showing the impact of trusts, gifting, and beneficiary structures in clear, visual terms you can actually understand.

Coordinate with Your Attorney

We work alongside your estate planning attorney to ensure your financial plan and legal documents are fully aligned. Premier plan clients benefit from full attorney coordination — so nothing falls through the cracks.

Review & Update Regularly

Life changes — marriages, divorces, births, deaths, and new assets all affect your estate plan. We review your plan regularly to ensure it remains current, accurate, and aligned with your wishes.

Common Estate Planning Tools

Strategies We Help You Navigate

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Revocable Living Trust

Avoids probate, maintains privacy, and allows you to maintain control of assets during your lifetime.

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Irrevocable Trust

Removes assets from your taxable estate and can provide asset protection and tax benefits.

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Charitable Trusts

Support causes you care about while providing income, tax deductions, and estate benefits.

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Family Limited Partnership

Transfer wealth to heirs at a reduced tax cost while maintaining management control of assets.

Have a Question? Let's Talk.

Estate planning doesn't have to be complicated. Schedule a complimentary conversation with one of our advisors and take the first step toward protecting your family and your legacy.

Schedule a Call With a Financial Advisor