Northington Blog

PlanForComfort: The Estate What, Who, How Plan


Regardless of marital status or net worth, women and men should make important decisions and arrangements today in order to protect themselves, their husbands or partners, and other loved ones in case of incapacity or death.

To create an estate plan, women need to have at least a working knowledge of the estate planning tools that are available, which typically include:

Will — A will is a written directive that includes instructions about who is to settle the estate (the executor), how property is to be distributed to the heirs, and perhaps most importantly, who will raise the children. Dying without a will means that a probate court will distribute the estate, which might result in family problems and lawsuits. Wills should be reviewed at least every two years, and updated after significant life events such as a birth, death, divorce, or remarriage.

Trust — A trust is a legal entity where someone, known as the grantor, arranges with another person, known as the trustee, to hold property for the benefit of a third party, known as the beneficiary. The grantor names the beneficiary and trustee, and establishes the rules the trustee must follow in a document called a trust agreement.

Durable Power of Attorney — A durable power of attorney (DPOA) names family members or other trusted individuals to make financial decisions or transact business on behalf of the person executing the DPOA.

Health-Care Directives — Health-care directives are instructions about the medical care that would be wanted if conditions were such that the patient couldn’t express his or her own wishes.

Stephen M. Northington, CFP®, CDFA™ specializes in holistic wealth planning and divorce financial planning and the founder of Northington Investment Group, LLC.  a firm dedicated to helping clients achieve financial comfort as measured by getting their entire financial house in order.  He can be reached at or by phone at 501 993 0167.


Stephen Northington, CFP®, CDFA™

16719 Cantrell Road   
Little Rock, AR 72223