Those may not be terms that you know anything about right now. This may be because many financial planners and wealth managers focus only on investment accounts. While managing your investments and planning for retirement are very important and a large part of what we do here at Acorn Financial, your investments are not the only thing that matters.
As comprehensive financial planners, it is also our duty to review the entire financial picture. One area that a lot of people tend to skip over is estate planning.
Having a well thought out estate plan can be the difference between ensuring your wishes are effortlessly and fully executed upon your passing or leaving your family with a very complicated puzzle that may take months or years to piece back together.
Take a look at these articles about the importance of a good estate plan:

Get ahead of your estate planning
10 Things Estate Planning Can Do for You

-Eric P. Scruggs, CFP