Planning for the Future

Author

Wayforth - Texas

Posted on

Mar 14, 2023

Book/Edition

Florida - Orlando , Florida - Sarasota, Bradenton & Charlotte Counties , Florida - Southwest , New Jersey - Bergen and Passaic Counties , New Jersey - Morris & Somerset Counties , New Jersey - Ocean & Monmouth Counties , Pennsylvania - South Central PA , Texas - Dallas, Collin, SE Denton & Rockwall Counties

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Have you created an estate plan for yourself? Estate planning doesn’t have to be overwhelming, nerve-wracking or boring. It’s simply a method to outline your intentions for your assets and possessions if you are not able to take care of yourself or pass away. 

 

Why do you need an estate plan? It gives you control now over events in the future. It can involve everything from who receives your financial assets and who your possessions are given to. Distributing possessions is often one of the hardest and most emotional parts of a loved one’s passing. Having a complete inventory and clear direction makes things go much smoother for the remaining family members. 

 

Another word that you need to know as you step into estate planning is “probate.” This is the legal process that administers and divides your estate according to your plan or local laws. Probate is the step in the process when any outstanding debts are paid, and other disputes are settled. This is the time when paperwork with the courts or localities is done, and assets are distributed if necessary. 

 

How does WayForth fit in? Having a home inventory is helpful when all involved parties need to understand the value of the estate or decide what to keep and what to pass on or donate. WayForth will create a complete, detailed inventory for large and small estates and can also help with downsizing, coordinating donations, and clear-out and prep for sale services to help with your estate.  

 

For help with your next move, contact WayForth's moving professionals today. Call us at 817-697-4478 or go to our website to learn more! 

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