8 Steps For Estate Planning
Fortune Magazines's Ellen McGirt published an interesting summary article on CNNMoney.com, entitled Revisit your estate plan - You may think you're prepared, but dividing up your assets upon your death is only the first step in protecting yourself and your family.
"Most people need some sort of will; everyone needs a living will and health-care power of attorney, which direct caregivers should you become unable to make decisions for yourself. Working through those issues can be difficult, but having your estate paperwork based on outdated thinking can be disastrous."
She lists the following eight steps for estate planning:
1. Rebalance your 401(k)
2. Revisit your estate plan
3. Sock it away
4. Give smarter
5. Review your health plan
6. Clean up your taxable account
7. Do a property insurance checkup
8. Check the new credits and taxes
Fortune Magazines's Ellen McGirt published an interesting summary article on CNNMoney.com, entitled Revisit your estate plan - You may think you're prepared, but dividing up your assets upon your death is only the first step in protecting yourself and your family.
"Most people need some sort of will; everyone needs a living will and health-care power of attorney, which direct caregivers should you become unable to make decisions for yourself. Working through those issues can be difficult, but having your estate paperwork based on outdated thinking can be disastrous."
She lists the following eight steps for estate planning:
1. Rebalance your 401(k)
2. Revisit your estate plan
3. Sock it away
4. Give smarter
5. Review your health plan
6. Clean up your taxable account
7. Do a property insurance checkup
8. Check the new credits and taxes
posted by Milt Baker CPA | 10:56 AM
0 Comments:
Post a Comment
<< Home