October is Estate Planning Month - Top 10 Tips for Getting Your Affairs in Order!
- Kaitlin Riley
- Oct 10, 2024
- 1 min read
Inventory Your Assets: Make a list of your property, investments, and personal items.
Determine Beneficiaries: Decide who will inherit your assets.
Choose an Executor: Select someone you trust to administer your will.
Plan for Minor Children: Appoint a guardian if applicable.
Consider Healthcare Directives: Include living wills and medical powers of attorney.
Prepare for Taxes: Understand estate tax implications, especially with the coming election.
Think About Digital Assets: Include online accounts in your plan.
Discuss Your Plans with Loved Ones: Ensure transparency.
Choose Powers of Attorney: Select someone to manage your finances or healthcare decisions if incapacitated.
Review Regularly: Update your estate plan as life circumstances change such as marriage, buying a new home, having another child, etc.
For more tips or questions on Estate Planning and what you should be doing, contact us today!
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