The Selfless Act that is Estate Planning

The main takeaway of this article is a selfless one. Yes, you are deciding how you want your assets to be distributed upon your death. However, estate planning helps your family, friends, and people who you care about with instructions about what is to happen with your assets after you die.

End-of-Year Financial Tasks

“A task without a deadline is just wishful thinking. Sometimes, you can get away with procrastinating. If you never get around to alphabetizing your spices, no one’s life will change.”

What Do I Do After My Spouse Has Passed?

“In many relationships, it’s common for one spouse to play money manager and the other to take a more passive role. However, this can lead to major complications when the financially dominant partner dies first.”

Still Waiting to Update Your Estate Plan?

“When the ‘Queen of Soul’ Aretha Franklin died last year, it was believed that she hadn’t prepared any kind of estate plan, including a last will and testament. However, a few months ago, three handwritten wills were found in her home near Detroit. Two were in a locked closet and one was stuffed beneath the cushions of a couch!”

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