When it comes to estate planning, you may be unsure of if you should start now, put it off until later, or simply hope that things will continue as they are for a little while longer. No matter how young or old you are, or what type of situation you are in, at Elder Law & Estate Planning Solutions of the Piedmont, we believe it is never too early or too late to start estate planning.
Your first step in this process will involve accounting for all your assets. These not only include things like your cars, house, and bank account, but also any of your investments, retirement accounts, insurance policies, valuable items and business interests. Keep in mind that estate planning also involves planning for what will happen to emotional items, like baseball card collections, your grandmother’s china, and heirloom jewelry.
The next basic step you need to take when forming your estate plan involves determining what you want to do with your assets and who should inherit them. At this point, you should also consider who you trust to handle your business affairs and medical care if you were ever to become incapacitated.
Once you solidify these plans, the next step is discussing your plans with your heirs and an attorney, who can help you finalize your wishes. For help with this process and guidance throughout the duration of estate planning, reach out to us at Elder Law & Estate Planning Solutions of the Piedmont today.
If you live in Concord, NC & need help planning for the welfare of your children or elder loved ones, turn to us at Elder Law & Estate Planning Solutions of the Piedmont.Elder Law & Estate Planning Solutions of the Piedmont
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