Why is Estate Planning Important?
You are going to die one day; there is nothing you can do about that. What happens with your estate after you die, however, is something you can control. This is why estate planning is so important. Estate planning, by definition, is the process of managing and preserving your assets while you are living to conserve and control their distribution after your death.
No matter how small your estate may be, estate planning is crucial. It ensures that your estate is divided in the way you intended. Estate planning allows you to dictate which beneficiaries receive which aspects of your property. This also allows you to save as much as possible on taxes, court costs, and attorney’s fees so your loved ones can mourn your loss without additional financial burdens and unnecessary red tape looming overhead.
Estate Plans Should Include…
1. Durable Power of Attorney: This is for managing your property during your life incase you are ever unable to do so yourself.
2. A Will: This is for the management and distribution of your property upon your death.
For more detailed information on Estate Planning or retirement planning, consult the financial advisors at Safe Retirement Solutions by calling 877-268-4086 or visit our website today!
Safe Retirement Solutions’ financial advisers help our clients in all phases of their retirement planning. We help them prepare for a retirement free from financial worries, so that they can enjoy their retirement years. We help to enable our retired clients with the transition of their wealth into a carefree income that will last them a lifetime.