Estate Planning Is About Knowing Your Priorities
Thinking about the world and how our loved ones will fare after we pass away can be very difficult. Although we all know that we will pass away at some point, this is not something most people like to dwell on. However, by proactively planning and prioritizing your goals, you can craft an estate plan that allows your wish to provide the best future for your loved ones to become a reality. The first step in creating an estate plan is to consider your priorities. Your goals and wishes will be unique to your circumstances, the needs of your loved ones, and your desires to support your favorite charities.
Getting clear on your priorities is important to the estate planning process because we need to work together with your other advisors to ensure that you have enough money and property at your death to carry out your wishes. This coordinated effort will also help ensure that your wishes do not contradict each other or create any significant issues.