Don't Be Caught Dead Without An Estate Plan

Don't Be Caught Dead Without An Estate Plan

According to Forbes.com, almost 2.5 million American die each year, and many have not signed the basic documents needed to protect loved ones.

Estate planning is the process of anticipating and arranging for the end of your life while you are still alive. The basic documents needed to protect your loved ones, all can be found in an estate plan. Which include:

- Last Will and Testament
- Financial Power of Attorney
- Health Care and Mental Health Care Power of Attorney with Living Will
- Personal Property List
- Trust
- Beneficiary Deed

If you do not have an estate plan in order before your death, and do not have any living family, all of your assets will directly go to the state after your death. Your estate consists of everything you own when you pass, which includes:

- Your house
- Personal property
- Bank accounts
- Investments
- Retirement plan
- Interests in a family business or partnership
- Pets

Unfortunately for all of us, every life comes to an end and you never know when that will be. It is extremely important to be proactive in creating your estate plan. Additionally, it is even more important to create your estate plan with a professional.

Categories: Estate Planning

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