Since life is not guaranteed, the estate planning process should be addressed early in adulthood and revised as you see fit. If you have not yet tackled this difficult task, there is no better time than now for planning your final wishes. While planning your estate, you will have to handle the four following topics to create a list of your final wishes.
Living Will
A living will details all of your end of life wishes in case you cannot communicate with your caregivers when a problem arises.…
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After you pass away, there will be things that you plan to leave behind to close friends and family members. It can be cash, property, or even a family heirloom that you want to pass down to someone important to you. If you have not done any estate planning by creating a trust, your entire estate may have to go through the probate process. It is a complicated legal process that involves proving that your will is real, identifying your property, paying any debts that you owe, and then distributing what is left.…
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Making plans for your estate can be a sobering undertaking. Choosing who will get your belongings and other similar decisions can be challenging and stressful. In fact, you may become so emotional during estate planning that you may overlook key actions you should take in order to keep your loved ones and family out of probate court when you’ve passed on. Ask yourself the questions below to be confident that you’re doing everything possible to protect your family after your death.…
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