• Estate Planning and Trusts
• April 24, 2025
• By: Lori Elizabeth
• 3 mins read

If you’re a single parent like me, you know how much every decision matters. From how we spend our time to how we manage our money — it’s all about creating a secure and better future for our children. One of the most powerful, yet often overlooked, parts of financial planning is Estate Planning.

And no, it’s not just for the wealthy. It’s for all of us — especially those of us who want to make sure our children are cared for, even if we’re no longer here to do it ourselves.

What Is Estate Planning and Why Should You Care?

Estate planning is the process of organizing your finances, your property, and your legacy — so that it’s clear what happens when you’re gone. It’s about making sure that:

• Your children are protected.
• Your assets go exactly where you want them to.
• The people you trust are in charge of making important decisions on your behalf.
• You avoid unnecessary delays, court involvement, and family stress.

Without a plan, the state decides how your assets are divided. And unfortunately, that can lead to probate court, legal fees, and family disputes. That’s the last thing anyone wants.

Enter the Trust: The Superpower of Estate Planning

A trust is a powerful legal tool that helps you transfer your assets to the people you love in a controlled, private, and tax-efficient way. Unlike a will, which goes through probate and becomes public record, a trust can keep everything private and streamlined.

Here are just a few things a trust can help you do:

• Designate who gets what — and when they get it.
• Protect assets from creditors or irresponsible spending.
• Provide for minor children or loved ones with special needs.
• Reduce or even eliminate estate taxes.

Think of a trust like a safe — you fill it with your valuables (like your home, investments, or life insurance) and choose a trusted person (your “trustee”) to manage it if you can’t.

How This Fits into The Grow Wealth Plan

Estate Planning and Trusts are a critical piece of The Grow Wealth Plan because building wealth is only half the equation. Preserving it and passing it on the right way is the other half.

Your Grow Wealth Plan may include:

• An IUL policy for lifetime growth and tax-free income
• A debt elimination strategy
• A retirement roadmap
• And now… a trust to protect it all

When your money is growing, protected, and directed exactly where you want it to go, you’ve built a legacy — not just wealth.

You Don’t Have to Figure This Out Alone

I know how overwhelming this can feel. But remember: you don’t have to do it all at once. And you don’t have to do it alone. One step at a time is still forward.

If you’re ready to talk about how a trust could protect your family and your future, let’s connect. Schedule a complimentary Growth Call with me today, and we’ll walk through your options together in a way that’s simple and empowering.

Let’s grow — and protect — your legacy.

Lori Elizabeth
Licensed Financial Professional
Founder of Bloom Wealth Partners & The Grow Wealth Plan
Because your legacy matters.