Planning ahead into the future and looking for retirement and estate planning opportunities can give you peace of mind and also make things easier for your loved ones if you suddenly were to become incapacitated or pass away.
A financial planning checklist can make things easier for you now and well into the future. Most people hesitate to engage in estate or financial planning because they assume it will be too complicated.
Too much time is spent organizing data and papers but it isn’t really necessary to accomplish all of this. Take some time to simplify your financial life and make things easier for everyone. This includes:
- Â Â Â Â Â Looking at financial and bank accounts. Since many people have too many investments and too many accounts, streamlining can make things easier for everyone.
- Â Â Â Â Â Reevaluate your current insurance needs and shop around for insurance. Many people could improve their insurance situation for a minor investment and the coverage isn’t optimal for many people who do have a policy. Paying too much for coverage you already receive should encourage you to step back and take a closer look at things.
- Â Â Â Â Â Manage your credit cards. Look at your finances and your spending to figure out which of your credit cards make the most sense for you.
Set aside time to meet with an experienced estate planning attorney. An estate planning attorney might also help you network with a CPA, a financial planner and other professionals who can help you get your goals on track.
