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4 Reasons Why You Should Meet With an Estate Planner Sooner Rather Than Later

Estate planning is something most people dread but it is better to meet with an estate planner sooner rather than later. We cover why in this article.

The COVID-19 pandemic caused an increase in the number of 18-34-year-olds that have a will or estate planning document of any kind.

Have you ever worked with an estate planner? How do you find an estate planner in Delaware? In what ways can a certified estate planner help you with this process?

Health can change quickly and it is important to have the right legal documents in place for your loved ones.

Keep reading to learn about the reasons that you should meet with an estate planner sooner than later:

1. It Can Benefit You While You’re Living

The term estate planning can cause you to immediately think of life after you pass. While this is the overall purpose, it can have benefits to you while you are alive.

If you unexpectedly get into an accident and cannot make medical decisions of your own, your medical team will know how to proceed and who to consult if there are documents in place for this type of situation. Planning could help you get the care that you need and your power of attorney can make the decisions in your place.

2. Your Estate Planner Can Help Guide You

No one is ever truly ready to plan out the end of their life but we are here to help. Regardless of age, this is a choice you are making for your loved ones if anything happens to you.

We take care of all of the documents associated with estate planning and guide you along what needs to be done for this process. It can be stressful but is a much more enjoyable situation when there are professionals to help you.

3. You Can Provide Security for Your Family

Future generations can gain immense security through this process. Simply the financial assets can make a life-changing difference for your children or grandchildren. If you pass when you are young, or unexpectedly, the financial or medical bills could add up.

Leaving your family with clear instructions after you are gone can also alleviate any family fights over what to do with your estate.

4. Avoid High Taxes Later On

The low tax burden when transferring your assets to your beneficiaries is a big benefit of having an estate plan. The tax laws are always changing and it is important to consider what giving them property or an estate may do for their tax situation.

This is something that they won’t consider until they have to pay in and will be thankful if you can lessen this burden ahead of time.

Schedule a Meeting Today

Now that you have read more about the reasons that you should meet with an estate planner sooner than later, you can schedule a meeting today. This extremely important matter can be taken care of and not add stress to your life any longer. Visit our website for more details and check out our video blog.

Why It’s Never Too Late To Start Investment Planning

Why It’s Never Too Late To Start Investment Planning

The older we get the faster life seems to move. In the blink of an eye, many of us go from starting at our first job to winding down for retirement, and everything in between.

Keeping up with the pace of everyday life can be difficult. People often put projects on the back burner, such as going back to school, learning a new hobby, or investment planning for the future.

There is, too, the misconception that at some point in life, it’s just too late to do these things.

This simply isn’t true.

As financial advisors, we understand that life happens fast and it can be hard to prepare for the future when you’re so focused on the present. Many people are not sure where to start and that’s where we come in to lend a hand.

Keep reading to learn about the options available to you to start investment planning, no matter where you are in life.

What is Investment Planning?

Developing a financial plan is an important step people should take to pave the way for big life events. Events ranging from gearing up for college, getting married, having a child, retirement planning, or dealing with the loss of a loved one. Financial planning involves assessing your current financial situation, determining short and long-term monetary goals, and creating a strategy to meet these goals.

Financial planning and investment planning go hand in hand. Once you’ve created a financial plan, you’ll be able to see how much money you have available for investing.

The key to finding the best investment plan for you is in laying down the groundwork: what are your priorities? Are you looking to create a safety net to fall back on as you age or are you motivated to generate cash as quickly as possible for big, short-term plans?

Or, something in between?

There are several strategies that financial planners utilize to support their clients, depending on their financial goals.

Creating a Strategy

If you’ve had a late start in building a wealth strategy, have no fear, a financial planner can show you ways to generate money to meet your needs.

Short-term investments are an important avenue for people to consider when in need of cash quickly. A financial advisor can help direct you to the right products to start making money right away. There are several options available for those in need of a 5-year investment plan or sooner, including CDs, Money market mutual funds, and Short-term bonds.

Another strategy that advisors utilize is Flexible Plan Investments. This is a turnkey program that allows financial advisors to diversify your portfolio, meaning, they can combine several different short and long-term strategies to best leverage your investment.

Maybe you have a little more time and are just looking for a way to get started? Taking advantage of employee-match retirement plans that are offered by your company is also one way to build wealth quickly.

The Right Time to Start Investment Planning Is… NOW

It’s okay if you haven’t been sure how to get started, the important thing is making that first step. Maybe you’re thinking about retiring in Delaware and not sure how to prepare? Or, you’ve decided to embark on the start-up you’ve always dreamed of and are looking for strategies to build capital.

The time is now to talk with a financial professional about investment planning.

So, whether you’re looking for financial advisors in Delaware or need assistance with FRS investment planning in sunny Florida, our team of professionals is available to help you here, there, and everywhere in between.

Contact us today to learn more about our services and let us provide you with the right financial solutions to meet your needs.

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