As the holiday season approaches, most people want to focus on the fun aspects of this time of year. There is one task that all adults should complete now that can ensure their loved ones have one of the best gifts of all – a plan for what happens to their assets when they pass away. Your estate plan is a set of documents that does this, as well as a few other tasks.
Long-term financial planning includes the need to have an estate plan. When you are thinking about estate planning, you must remember that almost all adults should have at least a will. Even if you don't have a lot in the way of assets, you can still outline some basic other things in your estate plan. Think about these items as you determine what to do about your estate:
Many people put off creating an estate plan because they don't want to think about the end of their life. This is problematic behavior, as you just never know when your family members are going to need to the guidance and protection of the estate plan. We are here to help you learn about what tools you can use to make your wishes known.