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Estate Planning Strategy for Everyone
Assets or no assets, you still need to provide for who will raise your children, what will happen to your pets, and so on. If you do have some assets, you will want to spend as little as possible to ensure your wishes are honored. There are four things anyone should consider in dealing with these issues:
1. Make a will. This basic document will express your wishes on a number of issues. They are relatively inexpensive and are absolutely necessary for just about everyone.
2. Consider a living trust. This is a tool to avoid the expenses of probate. For people with larger estates it is a tool to divide joint assets in order to take maximum advantage of exemptions that will lower or eliminate estate taxes.
3. Appoint a guardian for your children. Make sure you get to choose who raises your kids and avoid putting them through the possibility of a custody battle.
4. Assemble a team. Who do you want in charge of ensuring your wishes are fulfilled. Its better that you make that decision than a judge who doesn't know anything at all about you.
We can counsel you about all of these issues. The cost is much less than you imagine. Our "husband/wife" packages start at less than $500. Spend 20 minutes with us and let us help you with this very important part of your life.
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