Don’t allow yourself and your loved ones to be caught off guard by not having a will or any plans when it comes to your estate. A basic will is simple to set up and will dictate what happens with your estate after you have passed. Many people fall into two estate planning categories – those who do not get around to it and those who have made unwise decisions with their planning. Use some common sense when working on your will and make it easy for others to properly execute it.
Here are some common sense tips to help with estate planning:
- Trust your gut when selecting a guardian for your children
- If your assets are minimal assign just one beneficiary
- Set up a trust to deal with real estate
- Get help with estate planning
- Set up a trust if you want something special done with your money
- Select a power of attorney for your estate
Estate planning does not have to be a difficult process and is one that should not be put off. For more information about your financial planning needs in the Phoenix, Arizona area contact Phocus Companies. We also offer free quotes for an independent insurance agent.
