Whether you intend to leave your estate to your children or to your partner, it’s important to think ahead and put your wishes in print. Below are a few things you can do to prepare for the estate planning process:
- Make sure you designate a beneficiary and an alternate beneficiary on all accounts that provide for a beneficiary. This includes brokerage accounts, investment accounts, retirement accounts, etc.
- Tell your loved ones the names of the companies where you have:
If you have a safe in your home, make sure your loved ones have the combination.Provide a copy of your last will and testament, advanced health care directive and financial power of attorney to your family members, or at least the individual you designate your representative.Do not add your children to your deed or mortgage. Probate is not a difficult process if planned properly. The same goes for your bank accounts and investment or retirement accounts.
- Bank accounts
- Retirement accounts
- Investment accounts
- Brokerage accounts
- Stock investments
- Life insurance
- Health insurance
- Safe deposit boxes
You can count on attorney Goldblatt to do whatever it takes to meet your wishes. Call Lisa M Goldblatt Law at 443-574-5037 to schedule a consultation.