5 Things to Consider When Starting Estate Planning
One thing to keep in mind about starting estate planning is not to set it and forget it. As life changes, your estate plan should too.
The reason people choose an estate plan is that it avoids probate. Starting an estate plan helps ensure that your money, property, and assets transfer more easily to your beneficiaries after you die. Here are five things to keep in mind as you start your estate planning process:
Keep an up-to-date inventory of your assets
Remember to establish a will or update your last will
When Starting Estate Planning Consider using a living trust
Establish your directives
Review your beneficiaries
In Conclusion
Your legal and financial professionals will work together to help ensure that your estate plan contains specific information regarding your securities and retirement assets to help transfer your assets to your heirs when it’s time.
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In addition, at Faithful Financial Group we have helped people, at all economic levels, to achieve their financial goals. We help people to enjoy retirement by working hard and smart. We want to help you achieve the retirement of your dreams. In conclusion, contact us today to get started.