3 Estate Planning Tips

  1. Assign: Estates dictate the distribution of your remaining assets upon your death. Thus, when planning your estate, make sure to carefully consider and assign who gets what to maximize the usefulness of the estate planning process.
  2. Insurance: While the state does tax estate money, they do not tax insurance money. Make sure you purchase insurance plans to offset the amounts your estate stands to lose in taxes to protect your loved ones from accumulating unnecessary debt.
  3. Work with a Team: The best way to ensure you plan your estate properly is to work with a team of accountants and insurance brokers. These professionals train in the art of estate planning, and can help you best allocate and protect your remaining assets.

Are you looking for a team to help you plan your estate? Dean and Associates Accounting offers experienced accountants, prepared to help you organize your estate in preparation for the future.