Sandoval Legacy Group

Roots of legacy, branches of tomorrow. Plan today for a brighter future. 🌳

Guided wEstate Design ➡️ Navigating the Six Steps of Planning with an Estate Planning Attorney.

1️⃣ Determine your goals: Clarify your objectives for estate planning, such as asset distribution, healthcare decisions, and minimizing taxes.

2️⃣ Inventory your assets and debts: Create a comprehensive list of your assets, including bank accounts, investments, properties, and debts like mortgages or loans.

3️⃣ Designate beneficiaries: Decide who will inherit your assets and name them as beneficiaries in legal documents like wills or trusts.

4️⃣ Create essential documents: Draft essential estate planning documents such as a will, power of attorney, healthcare directive, and potentially a trust, depending on your needs.

5️⃣ Review and update regularly: Regularly review and update your estate plan to reflect any changes in your personal, financial, or familial circumstances.

6️⃣ Communicate and implement your plan: Share your estate plan with relevant parties, such as family members, attorneys, and executors, and take necessary steps to ensure its implementation.
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IMPORTANT 🤓:

Meeting with an estate planning attorney can be beneficial at multiple points throughout the six-step estate planning process. We generally advise clients to consult with an attorney EARLY on in the planning process [particularly during steps 1 and 2 when determining goals and inventorying assets and debts].

By involving an attorney from the beginning, you can receive guidance in understanding the legal and financial implications of your decisions, as well as gain insights into various estate planning strategies to ensure that your estate plan is comprehensive, legally sound, and tailored to your individual circumstances.

We’re here to help guide you 👇🏼.

www.sandovallegacygroup.com
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