Much of estate planning revolves around the family, children and immediate loved ones. Passing assets in a large, closely-knit family seems natural, but if you live alone or aren’t in close contact with family members, the future of your estate might not look as clear. What are your options?
You are ready to make a big purchase. You have completed your education. You studied hard. You got that full-time job. You put in the hours, and now you are ready. You are going to purchase your first home. This milestone is huge. The accomplishment is great. You are proud of what you have accomplished and the purchase you are about to make. The process is one you are new to, so you want to get it right.
A will is key part of estate planning. For many families, a trust can be just as important when building a comprehensive estate plan.
Setting up a Durable Power Of Attorney provides you with an agent to make critical life decisions if you become incapacitated. This person acts in your best interest, settling personal, financial and health care matters.
When planning wishes for an estate, many people aim to avoid the probate process on their passing. Probate can be stressful for family members and it can drag out for months or years, lowering the value of your estate overall. There are steps you can take now to stop this from happening.