Estate planning isn't always at the top of everyone's list, but the truth is, it is another crucial part of pre-planning. Not having this plan in place, can increase emotional stress of your loved ones especially if they are grieving the loss and make it more challenging for them. So, O’Fallon, MO cemeteries, is here to talk about tips for getting started with an estate plan. 

Hire a Team 

Items like wills and estate plans are complicated documents and you want to be sure that they are legally binding to help avoid probate. One of the main ways to help with this is by hiring the right professionals to support you while you are making the plan. this can include utilizing a state planning attorney as well as a financial advisor because they can help you map out a plan that's customized for your needs. 

Do an Assessment 

Typically, an estate plan will also have a full list of all assets included in the estate. This could be anything ranging from vehicles to power tools or TV's. One recommendation when you are making the list is to add individual’s names next to the item because the plan will have who it needs to go to, saving everyone time. 

List Your Debts 

Be sure to include any one you are indebted to or assets you owe money on, and this can include homes, vehicles, credit cards, or personal loans you have taken out. It can also be helpful to have the information of the company or individual the debt is to on file with the rest of the paperwork to make paying it off easier for your loved ones. 

Create Trusts 

Trust story legally binding container that will hold money for beneficiaries and when you create one you get to decide how much goes into it, who gets it, and if there are any stipulations around this. The three most common ones are revocable, charitable and irrevocable and your estate planning attorney can help you set-up these documents. There are a lot of decisions to make when planning your own eventual cremation (or a loved one’s cremation.) 

Make a Will 

The last will and testament is one of the most important documents that you can create in this process. It outlines what your wishes are and what needs to be done with your possessions and if you have any specific requests for the services. In addition, it is recommended to choose an executor of your estate, either someone who can make sound decisions even in grief, or source an outside professional to avoid emotional complications. 

We are Locally Owned and Trusted 

Creating an estate plan doesn’t have to be a complicated process and by investing in professional support, it can make the experience much easier. Pre-planning is essential, and if you or someone you know needs professional planning support for services, O’Fallon, MO cemeteries are the experts you can trust. Our memorial gardens are not only considered a beautiful and peaceful location but have been providing exceptional services since 1935. We take great pride in serving all faiths and would love to help you through the process, so contact us today for more information.