Estate Planning – Financial Literacy Tiphttps://unbroke.net/wp-content/uploads/2017/03/blog-dummy-1024x576.jpg 1024 576 Charles Weeks Charles Weeks https://secure.gravatar.com/avatar/74ccfbdde4452e70d4c2538b882749c1?s=96&d=mm&r=g
Many make the mistake of believing that estate planning is only for the wealthy. In fact, everyone needs at least a basic estate plan. This would include a will, powers of attorney for both medical and financial needs and a living will. As your financial situation becomes more complex you may need additional planning including trusts, gifting and tax minimization strategies. If you have minor children it is imperative you get a will immediately, if you don’t have a will you are leaving it up to the state who will raise your children. When is the best time to begin working on your estate plan? Yesterday…
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