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Tip #13 Estate planning: Are you prepared?

Power of Attorney

Source: DNY59 / Getty

Key points:
  1. Creating an estate plan so that your wishes will be honored
  2. Keeping beneficiary designations on your accounts up to date; particularly, your  insurance and retirement accounts
  3. Talk to your professional advisors about consolidating your retirement assets
  4. Using trusts and gifting to help lessen your estate taxes
  5. Consider the benefits of protecting your interests by taking steps to avoid probate
  6. Keeping a certain amount of your assets in cash
  7. Understanding the differences between a Will and a Trust
“You don’t know what you don’t know”

Ellis Liddell

Securities offered through ELE Wealth Advisors, member FINRA.  Advisory services offered through ELE Advisory Services, LLC.  ELE Wealth Advisors  and ELE Advisory Services, LLC are affiliated through common ownership and control. 

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