Broker Check

Five Tips for Financial Health Tip 4: Get an Estate Plan

February 27, 2017
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Many people believe estate plans are just for the rich, but that couldn’t be further from the truth. Estate plans provide support, protection, and preservation for your family and for your wealth.

To get started with an estate plan, first take a look at your assets and accounts, taking stock of everything you have. Then begin thinking about beneficiaries. Take careful consideration of how you’d like others to benefit from your estate. 

And, honestly, you should stop right there. An estate plan should be something you work with qualified professionals on procuring. This includes your financial advisor and potentially a legal advisor and a tax advisor as well. 

One of the most important elements of an estate plan is ensuring it remains up-to-date. As births, deaths, and life events occur, it’s imperative you contact your financial professionals to make any necessary adjustments.

Do you have an estate plan in place? If so is it up to date? Please reach out to me if you have any questions or would like to talk through this important element of your financial strategy.