Financial planning and estate planning are both important to the future well-being of both you and your loved ones. By taking the right approach today, you can reduce your current stress level while feeling confident in the steps you’ve taken for the future.
Here are three planning details that deserve your immediate attention:
- RETIREMENT PLANNING: Even if you’re many years away from retirement age, it has a way of sneaking up on you. The retirement planning strategy you implement today will affect your financial circumstances down the road.
- YOUR ASSETS: What will happen to your assets upon your death? Who have you named as your beneficiary? Do you have a trust or will? You don’t want your assets to end up in the wrong hands and planning in advance is the best way to ensure this doesn’t happen.
- INCAPACITY PLANNING: When you’re alert and healthy, you have what it takes to manage your affairs. But what would happen if you were incapacitated? Creating a financial power of attorney allows you to give a trusted individual the power to manage your assets. They can do things such as pay your bills, maintain insurance coverage, make investments, and manage bank and retirement accounts.
When you take a comprehensive approach to estate planning, you’ll soon realize that your financial circumstances move to the forefront. With every step you take to plan now, you’ll feel better about your current financial plan and the impact it’ll have on you in the future.
At our law firm, we have over 40 years of experience helping people with both financial planning and estate planning. Should you need any assistance in these areas, contact us to schedule a consultation with a knowledgeable attorney. This is one of the best ways to put your mind at ease.
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