Estate Planning: What You Need to Know and How to Get Started

Not sure how to start estate planning? Here are the steps that you need to follow in creating an estate plan to safeguard your loved ones’ future. By Mai Bantog

Not everyone is comfortable discussing their death, but having a plan regarding your money and other assets can safeguard your loved ones' future

Do you have properties and assets under your name? If so, then you need to have an estate plan in place.

Estate planning is the process of dividing your assets among your heirs and beneficiaries. Your estate is composed of real estate property, life insurance, bank accounts, stocks, retirement benefits, and personal properties like jewelry, artwork, and cars.

It’s a rather sticky subject because not everyone is comfortable discussing their death. But a property plan ensures that your hard-earned money and property are clearly divided among your beneficiaries, reducing the possibility of feuds among family members.

Not sure how to start estate planning? Here are the steps that you need to follow in creating an estate plan to safeguard your loved ones’ future.

Estate Planning

Remember, it’s never too early to start estate planning. Your home in NUVALI is part of your estate, so make sure that you include it in your list of assets when creating an estate plan.