One of the most important ways you can plan for your future is through estate planning.
In general, estate planning is the process of creating a plan detailing how your assets will be managed during your lifetime and who will inherit your estate to carry out your wishes once you have died. Regardless of the dollar value of an estate, every adult needs an estate plan.
Ping Ally i Putter Putter Steel Right Handed 36.0in, 51% of Americans ages 55-64 do not have wills. This is unfortunate as all states have a legal system in place to handle your estate in the event that you die without your affairs in order. A life-changing crisis can happen at any time, leaving you vulnerable to losing your life’s work and finding yourself in an unfortunate situation that could have been avoided through proper planning. Too many people put off estate planning until it is too late.
We here at BOSC, LLC would like to assist you in the process as your trusted financial advisor. Together we can proactively help in determining the best ways to avoid messy probate, financial, or family issues, and ensure you maximize the amount of property you are able to pass on to your heirs. Please give us a call (315.471-BOSC) so that we can begin the planning phase and assist you on the right path.
The following article from Fidelity Investment, 10 Estate Pitfalls to Avoid is a great way to begin the discussion of estate planning.