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What are Some Things I Can Work on During Estate Planning?

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Steve Rodrigues

No one really likes to think about what will happen to them when they are gone, but sometimes things happen and having a plan in place is going to make a difference. It will ensure that you are able to avoid taxes as much as possible, tell everyone where you want your assets to go, and can even protect your kids and ensure that they do not get left behind either. It is hard to work on an estate plan, but it is critical to keeping your loved ones safe and protecting your assets.

 

There are a number of steps that need to happen to help you get an estate plan done. To start, you should write out a will. This legal document is often one that people already do, but make sure it is up to date and that it is current with your situation. Some of the other things that you need to do when it comes to handling your estate include:

 

# Limiting the estate taxes that your heirs are going to need to pay by setting up a trust account in the name of the people who will get the money.

# Establishing a guardian for any of your kids or other living dependents at the time.

# Naming someone who is to be the executor and will be able to handle the terms of the will and anything else that will come up during the process.

# Creating or helping to update all of the beneficiaries on plans like the retirement accounts or life insurance as things go on.

# Setting up all of the funeral arrangements based on what is the most important to you.

# Establishing how you would like to do gifts to charities and other nonprofit organization to help reduce how much your estate is going to owe in taxes in the end.

# Setting up what is known as a durable power of attorney to help make sure that your other assets and investments are handled the way that you want them.

 

Handling your estate as soon as possible is a smart move. You never know what life is going to throw at you and having a plan in place in case the worst does happen can make a difference. We are here to provide you with the best Jacksonville estate planning lawyer will provide you with the help that you need to get this done. Our team will be able to take a look at your unique situation, answer your questions, and get the best results. Contact us today to start with your estate plan.

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Steve Rodrigues
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