Curated Links: 06/24/2024 – Preparing Your Estate Plan
Last Will and Testament Guide for 2024
One of the most important estate planning tools is a last will and testament, often referred to as a “will.” In a will, you state where your assets should go when you die and, sometimes more importantly, where they shouldn’t go. Whether you choose to leave your assets to your loved ones or support your favorite cause, you should have a will.
https://www.ncoa.org/adviser/estate-planning/last-will-and-testament/
Source: NCOA
Dying Without a Will – What Happens?
Dying without a Will can precipitate a myriad of burdens for the deceased’s family members. Think of a Will as your “voice” after you’ve passed. You have the ability to dictate the future of your assets if you plan in advance; and it’s not that hard to get started!
https://trustandwill.com/learn/dying-without-a-will
Source: Trust & Will
4 Reasons Estate Planning Is So Important
Estate planning isn’t only for the rich. Without a plan in place, settling your affairs after you go could have a long-lasting—and costly—impact on your loved ones, even if you don’t have a pricey home, large IRA, or valuable art to pass on.
Source: Investopedia
What Is Your Legacy, And How Is It Different From Your Estate?
Our legacy comprises the spiritual, intellectual, relational, and social capital we pass on. It’s the sum total of the beliefs you embrace, the values you live by, the love you express, and the service you render to others. It’s the you-shaped stamp you leave when you go.
Source: Forbes
To Avoid Probate, Use Trusts for Estate Planning
How revocable and irrevocable trusts ensure assets go to beneficiaries without them having to endure the long, expensive and public process of probate.
https://www.kiplinger.com/retirement/to-avoid-probate-use-trusts-for-estate-planning
Source: Kiplinger