Who should be included in an estate plan?

An estate plan is an important way to protect your financial assets and ensure they are distributed according to your wishes. In order to get the most out of your estate plan, it’s important to consider who should be included in it. In Idaho, there are several people or entities you should consider including in your estate plan. The first person to consider is yourself. An estate plan should include instructions for what will happen to your assets when you pass away, such as who will receive them and how they should be distributed. Next, think about your family members. It’s important to designate a beneficiary who should inherit your assets and list an executor who will oversee the estate. Consider also appointing someone as a guardian who will watch over your children’s financial interests if you become unable to do so. In addition, you may want to include people outside your immediate family in your estate plan. You should make a list of those people you wish to remember in your will, such as close friends, a favorite charity, or your church. Finally, think about any professionals you may want to include in your estate plan. A lawyer or financial advisor can help you make important decisions concerning your assets and taxes. Additionally, an accountant can help you manage your finances. By including yourself, your loved ones, and any professionals in your estate plan, you can ensure that all your wishes are carried out after you’re gone.

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Who should be included in an estate plan?

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