Estate Planning

5 Key Things Your Estate Plan Could Be Missing

Will your loved ones be OK after you’re gone? Are you sure your estate will go to the people and organizations you choose after your death? Will your beneficiaries receive the maximum amount they’re entitled to – or will they end up owing taxes on their inheritance?

After your death, the last thing you want is to cause more grief for your loved ones. The best thing you can do for them is to craft a comprehensive plan for your estate, leaving clear instructions about your assets and how they should be handled when you’re gone.

Many people don’t have an estate plan for a variety of reasons. Maybe they perceive estate planning as “only for the wealthy” or expensive to implement. Perhaps they see estate planning as complicated, and just don’t want to take the time to address it. Or maybe they’re just not ready to face the prospect of their own death head on.

Yet estate planning is important for everyone, no matter how much you own. And it doesn’t have to be overly complicated. You can leave a positive legacy for your family with these five key documents:

  • Power of attorney for health care
  • Power of attorney for finances
  • Living will
  • Final will
  • Trust

It’s important to work with licensed, experienced professionals who can help you put these important documents in place. An attorney or estate planner can assist with drafting legal documents, while your financial advisor can help you make sure your beneficiaries are set up correctly and in line with your wishes.

Discover the better side of retirement planning.

At Carlson Financial, we can help you make sure the last gift you give your family is the best gift of all. Call us today at 844-CARLSON or CLICK HERE to schedule your complimentary review.

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