The Right Way to Plan Your Estate

There are some people who don’t plan for their estate maybe because they don’t have time or simply because they don’t care. This shouldn’t be the attitude especially now that more people will require long-term care which can hurt your assets in the future. It pays to plan ahead and make the necessary arrangements that can save your loved ones money, time and stress.

Here are the things you can do:

 

1. Plan for a period of disability or incapacity, in case you cannot make your own decisions.
2. It's also important to have trust or will in place.
3. Nominate guardians if you have minor children
4. Avoid probate.
5. Consider long term care insurance coverage.

Sources: http://www.greenbaypressgazette.com/story/money/2014/10/27/estate-planning-right-way/18029541/
http://www.ltcoptions.com/5-advantages-long-term-care-planning/