Estate Planning: What You Don’t Know Can Hurt You

How familiar are you with estate plans? Many of us think we know what goes into them, but what are they really? Most people find that estate plans and the estate planning process is more comprehensive than we initially think. The good news? This means that when properly set up — estate plans 1) guarantee our wishes are known, 2) empowers someone to speak on our behalf and 3) provides instructions as to how to carry out our wishes thus ultimately protect us, our assets and our loved ones.

Watch this short video to learn the top three things your Estate Plan needs to include.

Key takeaways from the video include:

There are three main parts to the estate planning process: Plan, Prepare, and Protect

  • The Plan stage includes the two documents people are most familiar with, the Will and the Trust. In addition, this stage also includes two additional documents that are equally important, the Power of Attorney, and the Advanced Healthcare Directive.
  • The Prepare stage is critical because this is where you surround yourself with professionals who can review your documents and support what you have planned.
  • Last is the Protect stage. This stage is critically important and often overlooked. Once you create your estate plan and have everything in place, you need to communicate and share it with the people in your life. Make sure your loved ones know you have everything in place and have defined your wishes in a formal document that protects you, and them.

Were you surprised by these three key stages of the estate planning process?

Come see Löan speak! If you are located in San Diego, join us at our monthly resource series. This month, Löan will be speaking on Estate Planning in more detail.

Contact us today if you want to learn more about creating an estate plan!

  • 31 Jan, 2019
  • Löan Shillinger
  • Estate Planning,

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