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Simple Ways to Make Estate Planning Easier

by AOG Wealth Management

Estate planning is an important step to ensure that your loved ones will be taken care of after your death. Many people shy away from estate planning because it seems like an unpleasant topic, but with a savvy financial planner, the process can be quite straightforward and will actually reduce your stress. In today’s post, we share three simple steps you can take to simplify your estate planning.

Estate Planning

Transfer Assets

In many cases, we recommend transferring your assets before your death. This option allows you to supervise the distribution of your assets to their rightful place or owner. Another advantage to transferring your assets is that you can mediate any potential disputes.

Create a Will

Your will is a legal declaration of your intentions, and most importantly, where or to whom your assets will go after your death. Creating a will and testament for the future requires some degree of financial planning on your end, which is why we recommend enlisting our aid to ensure an organized plan for your beneficiaries.

Consider a Financial Power of Attorney

Finally, we recommend appointing a power of attorney for your finances. This is basically a “fail safe” just in case your trustee becomes incapacitated or unable to handle their own affairs. Another advantage of a financial power of attorney is that they can mediate on your behalf if anything goes wrong.

AOG Wealth Management offers professional tax planning and estate planning services. Count on us to make your estate planning easier. Give us a call at (866) 993-0203 for more information on our services. We offer financial planning services throughout Washington, DC and the entire Northern Virginia area.

The article and opinions in this publication are for general information only and are not intended to provide specific advice or recommendations for any individual. We suggest that you consult your accountant, tax, or legal advisor with regard to your individual situation.

Category: Wealth Management