Financial Wellness 101: Estate Planning

What We Can Learn from the 1%: Estate Planning Infographic. Click to view larger

What We Can Learn from the 1%: Estate Planning Infographic. Click to view larger

I know what you must be thinking. Champagne wishes and caviar dreams….that’s all us regular folks need to know about estate planning. While the name may make it seem as if it’s only for the rich and famous, that couldn’t be further from the truth. Estate planning is important for everyone, especially if there are loved ones who depend on you financially. Coming up with a sound estate plan not only ensures the security of your immediate family, it also legally clarifies your wishes, can help preserve your wealth for generations to come, protect your family’s privacy, reduce your tax liability and avoid lengthy legal drama down the road. It’s also easy to get started. Take a peek at the resources below to frame your thoughts, then think about the assets you have, who you want to take care of, and where you want your money to go when you’re gone. Get yourself a financial planner (or even give a call to your 403(b) retirement vendor) to start working out the details.

Do you participate in employee supplemental life insurance through Georgetown? That benefit comes along with free will preparation services through Hyatt Legal plans. Give them a call to lay the foundation of your estate plan, free of charge.

Have some estate planning wisdom to share? Let us know in the comments!

Last Week: Saving, Next Week: Retirement

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