October 21, 2024
October 21 through October 27 is National Estate Planning Awareness Week. This is the perfect time to take charge of your future and protect your loved ones. Did you know only 32% of Americans have wills? A solid estate plan goes beyond just a will. Estate planning can help you avoid probate, reduce taxes, and ensure your wishes are honored. A current estate plan considers more than just wealth and inheritance issues. Family relationships, special needs, and tax issues are among many issues that should be considered.
Key Steps for Effective Estate Planning:
- Create a Will – Outline your wishes and choose an executor.
- Consider Trusts – Protect your assets and provide for your family.
- Designate Powers of Attorney – Plan for medical and financial decisions.
- Review Beneficiaries – Keep your accounts and policies up to date.
- Discuss Your Plans – Communicate with your family to avoid surprises.
Use this week to review and update your estate plan. Let’s make sure your wishes are
honored!