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September 13,2020 |

Knowing How To Make An Estate Plan On Your Own
You may not think estate planning is important because you are too young or have so few possessions; it is a good idea to raft your estate plan just-in-case of an emergency. When you get around making your estate plan you may need the documents checked, you may do this by using The Hive Law without leaving the comfort of your home or having to take a day off from work to just travel to your lawyer’s office for approval. The Hive Law offers tips on making the best estate plan and also guides you where you get stuck.Once you die or lay in hospital you never know what is going to happen to all the property you have worked so hard to gain through the years, so as you make your estate plan be sure to include a will in it,and for more information about the will, always consult The Hive Law specialist. Having a living trust for your estate is the next step you have to do to save your loved ones from going through the probate law which is a long and expensive process. Your healthcare directives include a health care declaration and a power of attorney, this gives anyone you choose the power to make decisions on your behalf when you can’t, it is important to include this as you make your estate plan because it ensures that your health wishes are taken care of. Making your estate plan you should consider life insurance which will save the family you leave behind from having to pay your debts if your not sure if your documents are okay, you can always send them to The Hive Law, who will advise you accordingly. Another tip to take into consideration when doing your estate plan on your own is filing beneficially forms that will help your funds to skip the probate process in-case you do pass away and get paid to your beneficiary immediately. There are laws around spouses, and whether or not they should pay taxes when it comes to owning the estate together, to understand every law on taxes you should speak to The Hive Law, they help you in making a better estate plan that covers all grounds. When making an estate plan, you should include a plan for your business after you die, appoint someone who can run the business, and if you own the business partially, you should consider talking to your partners abut a payout in case of your death. Documents such as the will, trusts, insurance policies, certificates on stock and information on bank accounts should be kept safely in a place they cannot be destroyed or even stolen, this makes sure that your estate plan is good to go in case you are there no more.

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