What Issues Should I Consider When Creating My Estate Plan?

Estate planning is a topic that is commonly ignored. After all, who likes to plan for what happens after they die? Maybe you may have no estate plan in place and don’t know where to start.

With this checklist, you will have a better idea of what questions to ask when creating an estate plan, as well as clarification on what will happen to your assets after you’re gone.

This checklist covers key issues to consider when developing your estate plan, such as:

  • Identifying the appropriate estate planning documents needed for your situation.
  • Considering ways for your assets to avoid probate.
  • Developing an equitable estate plan that is fair to all heirs involved.
  • Understanding how specific accounts or assets may be affected after death.

Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this content, will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for you or your portfolio. Due to various factors, including changing market conditions, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this newsletter (article) serves as the receipt of, or as a substitute for, personalized investment advice from Searcy Financial Services, Inc.

The content of this letter does not constitute a tax or legal opinion. Always consult with a competent professional service provider for advice on tax or legal matters specific to your situation. To the extent that a reader has any questions regarding the applicability of any specific issue discussed in this content, he/she is encouraged to consult with the professional advisor of his/her choosing.  

Published for the blog on August 29, 2024 by Searcy Financial Services, your Overland Park, Kansas Fee-Only Financial Planner and Investment Manager.