Everyone needs to create an estate plan, no matter how uncomfortable the process may seem. The Connecticut Post recently ran an article offering tips on how people can stop procrastinating and actually get this work done.
Estate planning tips for new parents
Every job requires the right tools, including estate planning
It takes expertise to be a builder, but it also takes the right tools. The wrong implements and materials mean trouble for a home, sooner or later. In the same way, estate planners have to make sure that the right financial instruments are part of their strategy to pass money and property to others.
How can I avoid probate litigation with planning?
You always have the option of leaving your possessions and money to anyone you want. But this process can be more complicated than people expect. Assets may be taxed, especially if they are left to people beyond the immediate family. Disputes may even arise between possible benefactors. How can you avoid these problems? Planning is the best option.
What are pros and cons of conservatorship?
The human mind is an amazing thing, but it can also seem fragile at times. Head injuries can cause memory loss, and the simple and unavoidable act of aging can degrade its function over time. Many people may not want to think about the damage that a stroke, dementia or injury could do to the mind, but the best defense is to make sure it is easy to care for them under these conditions.
Mistakes to avoid for high net worth estates
While estate plans can be beneficial for individuals of various economic statuses, those with large estates may find estate planning to be particularly beneficial. Not only can it help ensure the wishes of the estate holder upon passing, but it also removes the confusion and burden for the estate holder's family during what can be a hard time.
Estate planning in Connecticut deserves the right help
Many successful people rely on professional help to guide their financial fortunes through life. Why would anyone do differently when it comes to the future of properties and assets when life is coming to an end?
