Estate Planning Documents This product provides information and general advice about the law. But laws and procedures change frequently, and they can be interpreted differ-ently by different people. For specific advice geared to your specific situa-tion, consult an expert. No book, software, or other published material is a
Name an executor, who will administer your estate, and make sure he or she has a copy of your will and other pertinent documents. In a will, the most basic estate planning document, you spell out.
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It’s little details like this that one has to consider when organizing an estate, she said. “You don’t realize these things.. What if they needed to get. planning toolkits? Francisco divides the.
Your state’s departments of aging also might be able to direct you to free or low-cost resources for estate planning. And while you’re working on your will, you should think about preparing other essential estate-planning documents. "When you create or update your will, that’s also a good time to think about other advance-planning tools like.
Drawing up the proper documents, establishing a medical power of attorney and tax planning will ensure that you and your assets are cared for when you die.
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While most U.S. adults age 18 and over have not done the needful, 81 percent of those age 72 or older and 58 percent of boomers (ages 53-71) do, in fact, have estate-planning documents. The study, conducted in January, asked more than 1,000 respondents whether they had estate-planning documents in case of their death.
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Many estate planning attorneys make it a point to educate their prospective clients about the fundamentals of estate planning. This is true whether or not the prospective clients already have an estate plan because often times even people who already have an estate plan have no idea what it says or means.
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Many people believe that having an estate plan simply means drafting a will or a trust. However, there is much more to include in your estate planning to make certain all of your assets are.