Welcome to The Complete Guide to Estate Planning

What is an estate plan?

Estate planning is just a fancy legal-ish word for what you want to happen to your money and your stuff if you die or become disabled.

Your will is a big part of estate planning. But there’s a whole lot more to think about, like figuring out what type of will you need or if you need a trust. Plus, you need to decide which people you want to handle your estate, get your stuff, and take care of your kids and pets. Not to mention, you need powers of attorney to make medical and financial decisions for you (in case you lose the ability).   

Yeah, it can seem complicated. But that’s why we created this guide. It’ll break down the big stuff into bite-sized pieces so you can start your estate plan with confidence.

Why do I need an estate plan?

Having a solid estate plan in place is a big deal. Why? Because if you die without a will (or a complete estate plan), the court gets to make decisions for you. That can include putting someone in charge of handling your estate, deciding who gets your stuff, and picking caregivers for your children or pets. Don’t you want to have full control over those decisions? We knew you did!

Taking the time to put your plan together also shows you care enough about your loved ones to look after them when you’re gone. And it can be a good way to minimize estate taxes. Plus, it gives you a legacy you can be proud of and peace of mind knowing the wealth you’ve worked so hard to build ends up exactly where you want it to.

Below, our friends from RamseyTrusted provider Mama Bear Legal Forms will walk you through why estate planning is so important.

When should I start estate planning?

If you’re 18 or older, you need an estate plan. Today. But it doesn’t have to be complicated. It can be as simple as taking a few minutes to create a will online and letting your loved ones know you’ve got one in place. That means no more excuses!

If you’re ready to start knocking out the steps of your estate plan, here’s a checklist to help you stay on track.

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