Category: Financial Advice

5 things You Need to Know About Estate Planning Clarkgym5 Comments

last-will

The following is a guest post about estate planning. If interested in submitting a guest post please read my guest post policy and then contact me.

 1.Include Estate Planning In Your Plans For Retirement:

When planning for retirement there are a lot of things to consider such as investment options, pension, financial plans, etc. With so much to consider many people forget a crucial component-estate planning documents.

Currently 60% of Americans do not have their Last Will and Testament in order. This means that many families will have to deal with the government in order to receive their inheritance. It can put your family in stressful situations that you never intended to place them in. For instance, if you pass away without a Will the government decides how to split your assets between your loved ones. Some states only give one third to one half to a spouse which may result in them not having enough money to live. Creating a Last Will and Testament not only communicates your wishes regarding your estate but it ensures your loved ones are looked after.

2. Always Update:

Once you have created your Last Will and Testament , it is important…

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By : Adam | 14 Jul 2014
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