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ESTATE PLANNING
Everyone can benefit from some type of estate planning. We can
all find reasons for not doing something that we find difficult.
Some of the common reasons given for not planning include:
- “I don’t own enough to worry about.”
- “I’m young, I have plenty of time to worry about that
later.”
- “My spouse and I own everything in joint tenancy.”
The truth is, by preparing now for the future, you’ll be doing
both yourself and your family a favor.
Failure to plan may result in:
- State law determining who will get your assets.
- Estate settlement costs being increased.
- Distributions to your heirs being delayed.
- The courts determining who will take care of your minor
children.
- Unnecessary estate and inheritance taxes.
Estate planning can be defined as the creation, conservation,
use and disposition of one’s assets. So, the first step is
determining your current situation. The
Personal Financial Data Form can be used to record the names
of your loved ones, your current financial situation and your
objectives. Print, complete and return this form to us. This is an
excellent way to begin the process of planning your estate.
Although we don’t practice law or give legal advice, we can help
you refine your objectives to maximize the benefits to your
family.
Planning is the key to maximizing benefits to your family and
minimizing unnecessary costs, taxes and delays.
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