Advance Directive (Living Will)

An advance directive, also known as a living will, is a legal document that outlines an individual’s medical care preferences in the event they become incapacitated and unable to communicate. It includes end-of-life care instructions and often names a healthcare agent.

Advanced Planning

Advanced planning refers to sophisticated strategies used in estate and tax planning for high-net-worth individuals, blended families, dynasty planning, and more. It includes tools such as trusts, family entities, and gifting strategies to minimize taxes and preserve wealth across generations.

Assets Under Management (AUM)

Assets under management (AUM) represent the total market value of assets that a financial advisor or institution manages on behalf of clients. AUM is a key indicator of size, performance, and fee structures.