Keys to Proper Estate Planning

Business Stock Exchange Trading ConceptsWithout a proper estate plan, an already difficult situation for your family can be even worse. Not having a plan can delay medical care if you become incapacitated and make it tougher to pass on your assets to your heirs if you die.

Here are some keys to proper estate planning, according to a story on

  • Make sure record your wishes with the right estate planning documents. These include a health care directive, power of attorney and a will.
  • Make final arrangements before they are needed. You may even want to pay for them in advance.
  • Update beneficiary forms such as IRAs and life insurance.
  • Make a list of your assets. Let your power of attorney know where this list is.
  • Make a record of your digital assets. This would include bill pay sites that you access on line, for example.
  • Make a list of friends, family and advisors.

If you have questions about estate planning, feel free to call us for a consultation at (626) 696-3145.

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