One of the most important financial tasks that any individual, regardless of age or net worth, should tackle is their estate plan. Having the proper documents in place for your future can save your loved ones a great deal of stress at an already difficult time.
Your estate essentially includes everything you own, from your bank account and investments, to your home and personal possessions. Arranging your financial affairs and having a written plan in place of your wishes and intentions will make estate administration much easier to handle when the time comes. Be sure to include an inventory of assets, along with detailed information for managing these affairs. Don't forget to regularly update the information, as family and financial circumstances are bound to change over time.
Click here to see five major reasons why estate planning is so important, and how having a plan in place can benefit you and your survivors.
At Saratoga Financial Services, we offer a thorough workbook that you can use to start or better organize your estate plan. Please call our office at (518) 584-2555 and we will gladly mail you out a complimentary copy. In the meantime, if you have questions about planning for your future, please don't hesitate to give us a call.
This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.
