13/01/2024
Estate planning isn’t usually what we think of when we think of New Year’s .
However, much like your physical health is improved by diet and exercise, your future will be improved with a proper plan in place.
Have you never drawn up a will?
Is your ex-spouse still the beneficiary? Time for check-up.
Almost everyone has an estate. An estate is essentially composed of everything someone owns. This includes physical possessions, such as their home and cars. An estate would also include such assets as checking and savings accounts, 401k and other accounts, and life insurance policies. If something has value, it is generally part of someone’s estate.
An estate plan is a legal document that specifies the way these assets are distributed upon the death of the owner. The most common estate planning documents are wills and .
A provides instructions to the probate court on how to distribute the assets. Your hashtag or personal representative will ensure all final expenses are paid, and then bequeath the assets to their appropriate . In the unfortunate event that a parent passes on while their children are still minors, a will would also designate of the minor child.
Feel free to comment below or send me a private message if you have questions or want to get started.