6 Easy Estate Planning Tips
Estate planning is a legal process that allows you to prepare for the future. It
is important to take advantage of this planning so that you are able to outline
your wishes and have a plan in place for the unexpected.
Take the following 6 easy tips into consideration when starting your estate
It is important to start your estate plan as soon as possible. If you
continue to put off your planning, you will be unprepared for the
Hire an estate planning attorney. Many people attempt to do their
own planning in order to save money. This can result in errors and
consequences in the future. Working with an estate planning attorney
will enable you to have a plan that is effective, legal and error free.
Make sure your estate plan is up to date. Everyone should review
their estate plan with an attorney every 3 to 5 years. If you experience
life changes such as divorce, death or a spouse, or birth of a child, you
need to update your planning.
Everyone needs a will. Without a will, you will not have a say in who
will be given your assets after your death or who will care for your
children if you are unable to.
It is important to have health care directives in place. This will allow
you to appoint someone to help make important medical decisions if
you are ever unable to. This will also allow you to make important
medical decisions ahead of time so that your wishes are followed.
Store your estate planning documents in a safe place. It is a good idea
to keep documents protected from fire, water and theft. It is
recommended that you keep copies of your estate planning documents
with a friend or family member.
Follow the above tips when planning for the future. Taking the time to plan
now will avoid problems in the future and allow you to focus on enjoying
If you have questions about these 6 easy estate planning tips, consult with a
qualified estate planning attorney.
Experienced estate planning attorneys Forest Hills NY of Davidov Law
Group offers estate planning and business planning resources to residents of
Forest Hills NY. To learn more about these free resources, please visit