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Know what considerations might impact your estate plan

Estate planning is a very personal matter that must be taken seriously. You shouldn't put off planning your estate just because thinking of your death isn't pleasant. Shockingly, around 57 percent of consumers in this country don't have an estate plan in place. The percentage is even higher for parents who have children who aren't yet 18 years old. Up to 69 percent of these parents don't have a will.

We know that you probably have questions about what you need to include in your will and your estate plan. Sorting through different types of trusts and other components of an estate plan can be complex. Fortunately, we can help you to discover what options might work best for your case.

Your marital status, age, asset types and value and health status all have an impact on your estate plan. Whether you have children or not also affects your estate plan. We can help you find a way to make your wishes known in a concise manner that takes makes handling your estate easier for your loved ones. For example, if you have young children, we can discuss guardianships and how these can help to provide for your children if something happens to you.

One point that you should remember about estate planning is that it isn't a one-and-done situation. As your life changes, you will need to reevaluate your estate plan and update it as necessary. Marriage, divorce, having children, your children moving out of the house and significant changes in your assets are some of the events that might mean you need to check your estate plan.

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