Estate Planning | What You Should Know
Estate Planning | Necessary for individuals of every age, income level and socioeconomic group. With an estate plan, individuals can ensure that their immediate family is provided for and beneficiaries can access the assets quickly. As a part of estate planning, individuals should also prepare for a potential physical or mental incapacity. Living wills and health care powers of attorney help to determine what happens if a serious illness occurs.
Inventory Physical and Non-Physical Items
Before a will is created, individuals need to calculate all of their physical and non-physical assets. They need to create a list of every item in the home that is worth $100 or more.