Our Weekly Tip: Before Death: Estate Planning

3 Tips to Keep in Mind During Estate Planning:

Credit: parkerhomescape.com

1) Gain Clarity:
Understand what will need to be managed with this particular estate. Debt? Bank accounts? Real estate?

2) Embrace Proactivity:
Many believe that estate planning shouldn’t be a concern until the later years of life – but it can never be too early to start getting organized. You don’t need to have a solid retirement savings to create a plan.

3) Fortify Trust:
Communicate your concerns to the right friends and family members. Additionally, you may want to consult a qualified estate planning attorney – that way, all bases will be covered.

Have you given thought to estate planning? What are your concerns regarding settling an estate? We look forward to your comments below.

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