Estate Planning - Make a Will Online

1. Website: www.nexgentransfer.com Call 095994 45568 Estate Planning Make a Will Online Make a Will Online – Estate Planning Estate planning is the process of designating the distribution of the assets upon the person’s death. It also dictates how their affairs will be conducted if they are no longer able to make these decisions themselves. Although this is a much simple estate planning definition, it is pretty much summing up what the process entails. It can be as simple as writing a will whether writing or make a will online

2. Website: www.nexgentransfer.com Call 095994 45568 or creating a living revocable trust, or both. The latter will keep the estate out of probate, which will do not. One can easily make a will online. Power of Attorney – Estate Planning If one is worried about burdening their heirs with high estate taxes, an irrevocable trust would be the more prudent choice. Sound estate planning should also be exploring the use of a living will and also the financial power of attorney. The power of attorney is very important in estate planning These can be useful if one can no longer make health and financial decisions on their own. Ultimately, the degree of estate planning complexity depends on the size of the estate and the type of assets a person own. Most people don’t know about it, but they have an estate. An estate is simply the sum of the person’s

3. Website: www.nexgentransfer.com Call 095994 45568 possessions at a given point in time during their lifetime or when they die. It can consist of their house, car, jewellery, stocks, bank accounts, life insurance and other professional or personal interests. Some estates are worth a lot more than other things. The most important and basic, and likely the most well-known, estate planning instrument is the last will and also the testament. This document details their wishes regarding the distribution of their assets. In short, it specifies who gets what when a person dies. If a person dies intestate, without a will, the state steps in and decides how their estate will be handled. For their peace of mind and the welfare of their heirs, it’s best to leave a will behind. This way, one is more assured that others will handle their estate will be handled according to their wishes and not the state’s laws. Trusts – Estate Planning

4. Website: www.nexgentransfer.com Call 095994 45568 Trusts keep the estate out of probate and their private affairs beyond the public scrutiny of prying eyes. There are different types of estate planning trusts that one can use. The revocable living trust is the most commonly used trust for estate planning purposes. The assets one places in this type of trust go directly to the named beneficiaries without passing any probate. One can be both grantor and the trustee of such a revocable trust. One retains control over the assets even if, technically, one no longer own them the trust does. Because one can still control the assets in a revocable trust, they may be considered in the valuation of their estate. They will skip the probate but will likely include the living trust assets in figuring out the estate tax their heirs have to pay. For more information call: 095994 45568. Website: www.nexgentransfer.com Thank You