Our Weekly Tip: Estate Planning – You Don’t Have to Go it Alone

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Our Tip of the Week: Estate planning can be overwhelming, but there’s no need to figure it out all by yourself. Forbes published a great and extensive article on estate planning and mentioned how beneficial it can be to have a team helping you out with your decisions. Of course, it’s up to you to determine whether your estate is big enough to merit a team of experts, but it’s always an option!

How-to Suggestion: A few of the experts you might consider are:

• An estate planning attorney can assist you when it comes to designing trusts and wills. Forbes suggests that you hire a local attorney since they’re likely to be more familiar with the laws in your area.
• It could also help to hire a tax professional. He or she can assist you in minimizing the amount of income taxes that your beneficiaries would pay.
• A financial advisor can be an extremely helpful person to have on your team. You want to have the best investment portfolio for your assets and they can help you create just that.
• Of course, you can always, always, always talk to friends and family. Estate planning is a necessary step, so don’t hesitate to reach out to those close to you.