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Estate planning doesn't have to be a hard process

We recently discussed a few questions that you should ask your aging parents. These questions are important because they give you insight into what you will need to do when you are faced with your parent passing away.

If your parent is still in good health, now is a good time to ask if there is an estate plan present. If the answer is no, you should encourage your parents to create one so that everything is in order and you know their wishes.

As an adult, you should create your own estate plan now. This will let your loved ones know what to do if something happens to you. If you have children, your estate plan can also provide for them.

Whether you are creating your own estate plan or trying to encourage your parents to make one, you should be ready to go over a few options. The process doesn't have to be difficult, so don't put it off thinking that you will have to go through a hard process.

One of the major things you need to think about is creating a will. This is the backbone of the estate plan, so you need to focus on it before you move forward with anything else. As we discuss the will, you might find that you need to put some assets into a trust.

We can help you to learn about the types of trusts that might help you to get your assets distributed as you intend. Ultimately, your estate plan should be a reflection of your desires. It should clearly and accurately convey your wishes.

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