MINT HILL, NC – Did you know that two-thirds of Americans don’t have an estate plan?* The best way to show your loved ones how much you care is to create a family legacy. Where should you even start? This week we will discuss a couple of basic necessities when it comes to estate planning.
Let’s begin with Wills. Did you know there are two different types of Wills? Your Will details how your assets and family should be distributed or treated upon your death. It needs to be carefully thought out and written so that it deals with all the potential issues that your loved ones may encounter. A well-drafted Will is important to make sure your wishes are followed after your death. A living Will is different in that it is put in place if you do not desire life-sustaining treatment or if there is no significant hope of recovery. You need to have a living Will in place before you become incapacitated. Help save your loved ones the pain and duress of making what they may believe to be a life-or-death decision by having a living Will.
If you need guidance with estate planning we are here to lend a helping hand. Let us help you find your clarity of purpose!
Portions of this article were written by Principal for use by your local Cambridge Investment Research Financial Advisor.
To discuss further, please contact me at (704) 817-4480 Option 2, or by email at mmiller@fulcrumwealth.com.
* from ThinkAdvisor
