67% of Americans say they don’t have an estate plan. 40% say they just haven’t gotten around to it and 33% say they don’t have enough assets.
Whether you have $10 million or $10, an estate plan will help your loved ones when you are gone.
Here are a few tips to get an estate plan started.
- Create a Last Will and Testament. This is the most common estate planning document.
- Write a Letter of Instruction. Write down where all your policies are, where the key to the safe is, list all of your assets.
- Create an Advance Directive. This is your living will giving instruction should you become incapacitated.
- Get Help! If you are struggling to put a plan together, enlist a professional. Your loved ones deserve it.