Make Sure YOU Decide What Happens After You Go

Let’s make it a priority to get your estate documents in place before the end of the year. Here’s why it’s super important.

The biggest misconception I hear is, “I am not rich. I don’t need estate documents.”

The best gift you can give your family is the gift of knowledge. It’s not until someone close to us passes away that we understand the importance of estate documents.

Please do not let this be the case with you and your family.

I challenge you not only to get your estate docs in place, but have a conversation with your parents as well. I find that for most of my first generation, wealth-builder clients, not only does the financial burden of settling the estate fall on them, but the burial cost as well.

Your estate documents should include, but not limited to, a will, healthcare power of attorney, durable power of attorney, a revocable living trust and if you have children with special needs then a document that specifically states your wishes which could be found in a special needs trust.

You will need to find an estate attorney in your state of residence. For example, if you live in Georgia, you will need to find an estate attorney who is barred in Georgia. I know it’s a lot navigating the Internet.

Start with asking for a referral from other professionals on your team like your Certified Financial Planner, CPA or business attorney. We’ll continue to unpack this very important subject.

Found this tip helpful? Come back each day for more of Greenwood Daily.