As we step into what is nationally recognized as Make-A-Will Month, it’s the perfect time to chat about something we all love to procrastinate on—estate planning.
Yes, it’s that pivotal task many of us push to the back burner but is the best gift you could ever leave behind for your loved ones.
A Will is Great, But It’s Just the Start
As much as I’d love to help you draft up a will, my law degree is… non-existent. Good thing, too, because that’s a job for the experts, and I know just the folks. When it comes to costs, I like to give the classic attorney answer: “It depends.” But investing in a will? Priceless, folks—like buying peace of mind in bulk.
However, here’s a little secret: estate planning isn’t just about having a will. That’s right, there’s more you can do! I’ve seen it time and time again—clients come to me bogged down by the aftermath of a ‘will-only’ approach of their loved ones. These are the issues that I see time and time again. Want a free estate planning tip that you can act on right now? Here you go:
Your Quick and Free Estate Planning Checklist:
- List Everything You Own: Be specific.
- Real Estate: Include addresses.
- Bank Accounts: Note down each institution and account number.
- Beneficiaries: Make sure your beneficiaries are up to date on retirement accounts and life insurance policies.
- List Everything You Owe:
- Mortgages: Note down each institution and account number.
- Credit Cards, Car Loans, and Other Debts: Ensure these accounts and amounts are clearly listed.
- Store It Safely: Ensure this list is somewhere secure but accessible to those who will need it when the time comes. Trust me, figuring out what someone owned and owed at their time of passing is often the hardest part.
Why Make a Will This August?
August isn’t just about soaking up the last bit of summer; it’s a fantastic reminder to get your affairs in order. Here’s why:
- Peace of Mind: Sleep better knowing you’ve simplified things for your loved ones.
- Empowerment: Take control of how your assets will be handled.
- Clarity for Loved Ones: Minimize the risks of disputes over your estate. A recent study by Caring.com revealed that only 32% of Americans have a will—surprising, right? Especially when every single adult truly needs one.
Let’s Get You Started
Estate planning is not a one-and-done deal. It’s an ongoing process that adapts as your life evolves. So whether you’re crafting your first will or updating an existing one, remember, it’s just part of the journey. Let AfterLight help you fill in the other crucial parts that make your plan complete.
Want to set up a call to learn more about how we can work together? Reach out via email. We’re here to help guide you through the intricate dance of estate planning, ensuring no step is missed.
