PREPARE
DON’T PROCRASTINATE
When you think of estate planning, you probably immediately go straight to getting a will drawn up. While that’s certainly an important part of the process, it’s only one piece of the puzzle. Listed below are some estate planning basics, so that you can create a checklist which will help you prepare for the future.
Create an Inventory
Do an inventory of everything you own. This inventory can be divided into two major categories: Tangible assets and Intangible assets.
Establish Your Legal Directives
This is a very important part of your estate planning checklist. You’ll need
paperwork in place to “direct” your survivors on how your estate should be handled. These are called legal directives and they include: • Will – Your estate planning should include will planning and drafting. • Trust – This gives someone else the right to administer your account in the event of your death. • Medical care directive a/k/a Living Will – this documents your wishes if you ever are in a position where someone needs to make a decision about your care, such as if you’re on life support.
Restore #1 Business in the Valley RATED
• Power of attorney – If you should become unable to manage your finances, this appoints someone you trust to take over.
Review Your Beneficiaries
An important part of any estate planning services should be to take a close look at who is inheriting your funds after you die. This includes life insurance policies and retirement accounts. Over the years, it can be easy to lose track of an old account that might have a parent or exspouse listed as your beneficiary.
GRILL
BEFORE ORE B EFORE BEF
Premier BBQ CLEANING SPECIALIST
AF TER A AFFTTE ER R
We’ll pick up your built-in grill on MONDAY... and return it like NEW on FRIDAY!
480-580-0149 30
THE GRAND SEASON • MAY 2022
Visit us at BBQCLEANINGGURU.COM
WWW.THEGRANDSEASON.COM
