Estate Planning Basics: Everything You Need to Know

When it comes to estate planning services, we recognize each individual has unique needs and goals. Our prosperity planning and fiduciary team members work directly with clients’ tax advisors, attorneys, insurance agents and bankers to help create and implement a financial plan that works for each client and their families. We’re providing peace of mind and the assurance your prosperity is protected and your legacy will live on.

What is Estate Planning?

Estate planning is the preparation of tasks to assist in managing an individual’s assets in the event of their incapacity or death. Our team assists with preparing a plan to manage your affairs, minimize family complications and transfer your assets to your designated heirs with ease.

What is the purpose of estate planning?

Taking the time to make plans for your wealth and your assets ensures you’re able to do exactly what you want to benefit family members, charities and other individuals. It’s never too early or too late to begin making plans, and partnering with the financial professionals at TS Prosperity Group can set you up for success and avoid common estate planning mistakes.

What is the difference between a will and estate planning?

Creating a will is one part of estate planning. In order to develop a robust estate plan, there are more documents to draft and arrangements to make. TS Prosperity Group has the resources to get you off on the right foot with estate planning basics. We encourage you to reach out to our team if you have any questions. We are eager to come alongside you to help make important decisions about your future.

What should be included in estate planning?

Estate planning includes a number of important documents and considerations, such as guardianship designations and financial conservatorship planning. Keep reading to learn how TS Prosperity Group can assist you throughout the estate planning process.

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Our Estate Planning Services

TS Prosperity Group is your valued partner in navigating major life events. This includes ensuring you and your family are well prepared for all of life’s later stages, including retirement, incapacity or death. Our team members are empathetic and sensitive; they are experts at providing exemplary guidance for difficult conversations.

We can help with a number of different estate planning and fiduciary services, including:

Professional Executor Services

At TS Prosperity Group, we serve as a corporate executor. Naming us as your executor means you have a neutral party who will reliably manage your affairs, be responsible for proper accounting of all assets and distribute funds according to your documents. Although some people choose to rely on a trusted family member for this role, there are a number of compelling reasons to entrust this role to a financial professional.

Financial Conservatorship Planning

What does a conservatorship mean?

A financial conservatorship occurs when an adult is incapacitated or otherwise unable to manage their own affairs and another person, such as a family member or a financial professional, becomes the designated manager of that person's finances and financial decisions. At TS Prosperity Group, our team members can guide you through the conservatorship process and your various options.

1031 Exchange Process

The 1031 exchange process allows an individual to swap one investment property for another. 1031 exchanges are different from other types of investment transfers because they are taxed at significantly reduced rates or are tax-deferred.

What is a 1031 exchange intermediary?

In order to enjoy the tax benefits of the 1031 exchange process, you must partner with a reputable 1031 exchange intermediary. This professional will help you navigate the 1031 exchange process, which will include steps such as:

  • Transferring possession of the property in question from you to the buyer
  • Holding net sales in an escrow account
  • Transferring property you intend to buy from a seller
  • Ensuring each exchange step occurs lawfully and is documented properly

Reach out to the TS Prosperity Group team to connect with a trained and experienced 1031 exchange intermediary to make sure your 1031 exchange process goes smoothly.

Estate Planning Documents

No matter what life stage you’re at, TS Prosperity Group can help you organize and manage your finances to ensure a fruitful and prosperous future for you and your family. This includes drafting key estate planning documents.

What are the basic estate planning documents?

There are many documents involved in estate planning, but here are a few examples of common documents you may need in order to cover all the estate planning basics:

  • Wills and trusts
  • Beneficiary designations
  • Guardianship designations
  • Power of attorney
  • Letter of intent

Other Estate Planning Services

In addition to these estate planning documents services, TS Prosperity Group experts can help with additional estate planning services such as charitable gift planning, corporate trustee planning and generational wealth transfer. Explore more fiduciary services and learn how each service fits into a comprehensive estate plan.

Investment products offered by TS Prosperity Group are: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • Not Guaranteed by the Bank • May Go Down in Value.


trisha beccard headshot

Trisha Beccard - Financial Portfolio Advisor

Trisha joined the TS Prosperity Group in June of 2022. A Council Bluffs Native, Trisha brings with her a passion and zeal for the Community and the people who work and live here. With nearly two decades of experience in developing relationships with a financial background, her skillset is a dynamic combination for her role as the Investment Strategist. Her desire to help people meet their goals is the driving force; and palpable when meeting with her. When not busy working in the community, volunteering for local non-profits, or serving as a board member for various organizations, you may find her shopping or dining at her favorite neighborhood small businesses, catch her at the park or the ball field with her kids, or watch her drive by in her beloved Pink Jeep!


Schedule an Appointment with Trisha

Our Estate Planning Process

Throughout the estate planning process, our top priority is always you, the client. Serving our clients faithfully for more than 90 years has taught us the most important part of our job is listening to you and focusing on your goals. We are proud of our ability to leverage all of TS Prosperity Group’s unique collective insight and philosophies to build an estate plan based on our clients’ unique position and objectives.

Here’s our simple process for establishing an estate planning relationship:

  1. Call to schedule an appointment
  2. Meet with an estate planning expert
  3. Review personalized recommendations and next steps
  4. Establish an ongoing relationship

4 steps for establishing a retirement planning relationship

We will meet regularly to assess your goals and to learn how we can better serve you. As a regulated fiduciary, we are held to a higher standard of care and always embrace placing the interests of our clients before our own.

Why Work with TS Prosperity Group for Estate Planning Services

Working with a team of estate planning experts such as our team at TS Prosperity Group brings peace of mind. Your future is our business, and we treat each and every client with care and respect, providing quality advice and services to make sure your legacy lives on.

Can I do my own estate planning?

Estate planning is complex and involves many legal and financial documents and processes. We recommend partnering with a financial professional to help you with estate planning basics. Our team is qualified and experienced with various estate planning services as well as sensitive matters such as mediation with family and navigating various laws and compliance requirements.

Trust TS Prosperity Group for Estate Planning Documents, Professional Executor Services and More

Your future is important, and our team is eager to help you prepare for whatever is to come. Whether you’re making business arrangements for a company you’ve invested in or you’re making personal arrangements for generational wealth transfer for your family members, we can handle your concerns with care.

If you’d like to learn more about our estate planning services, reach out to our team today or call to make an appointment: 844-487-3115.

Schedule your Discovery Meeting.


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