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- Here is a simple guide to estate planning:
- Create an inventory of your assets.
- Account for your family's needs.
- Establish your directives.
- Review your beneficiaries.
- Note your state's estate tax laws.
- Weigh the value of professional help.
- Plan to reassess your estate plan periodically12.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Seven steps to basic estate planning
- 1. Create an inventory You may think you don't have enough to justify estate planning, but you might be surprised by the amount of stuff you actually own. ...
- 2. Account for your family's needs ...
www.nerdwallet.com/article/investing/estate-planni…Estate Planning: 16 Things to Do Before You Die
- 1. Itemize Your Inventory To start, go through your home inside and outside, and make a list of all valuable items. ...
- 2. Document Your Non-Physical Assets ...
- 3. Assemble a List of Debts ...
www.investopedia.com/articles/retirement/10/estat… - People also ask
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Our teamconsists of trained lawyers who have spent hundreds of hours researching estate planning and using the services we recommend. We only recommend services we find to be helpful and accurate. To develop our reviews and guidance, we: 1. Spent 300 hours researching and using online estate … See more
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- Itemize Your Inventory. To start, go through your home inside and outside, …
- Document Your Non-Physical Assets. Add your financial assets and …
- Assemble a List of Debts. Make a separate list for all of your open credit …
- Make a List of Memberships. If you belong to any organizations such as …
- Make Copies of Your Lists. When your lists are complete, date and sign them …
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Feb 13, 2023 · For estate planning, take inventory, account for family needs, establish directives, review beneficiaries, note state tax laws, weigh getting help and reassess.
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