Take action, step-by-step
A plan only works if it’s put in motion and revisited as life evolves. This step focuses on implementing key decisions and making sure your plan continues to reflect your goals, family, and circumstances over time.
A plan typically involves:
- Funding trusts and completing required paperwork
- Updating beneficiary designations
- Retitling assets or accounts, where appropriate
- Coordinating insurance coverage
- Confirming who will administer and carry out the plan
When to review your plan
Life, assets, and laws change. Regular reviews help ensure that your plan continues to serve the people and purpose behind it.
Revisit your plan:
- Every few years
- After major life events
- When assets change
- When laws change
- When family circumstances evolve
Guidance for the people behind your legacy
A Wells Fargo Advisors Financial Advisor can help you navigate the financial, personal, and family considerations involved in transferring wealth with confidence.
Lifescapes
Guidance and conversation starters to help families discuss wealth, values, and legacy together.
Helping preserve generational wealth
Learn about common challenges to preserving generational wealth and how to prepare for them.