By : Anica Oaks
No one really enjoys discussing estate planning. Despite the natural adversity to the topic, it is important to consider the process before the need becomes imminent. It will reduce the amount of stress that a person might experience and prepares for the unthinkable. Estate planning is not difficult, only unpleasant. It can be completed in four simple steps.
1. Get the Master Information Document Ready
This document is all of the information that the executor of the estate would need to be able to close any accounts and obtain all of the necessary account balances. Without this information, being able to satisfactorily complete the estate process will be next to impossible and put undue stress on the executor. To get this document ready, a person simply needs to get all of the information together, including account information, any benefits that people might receive because of the death, all debts and assets, business assets and a copy of the will. This master information document should then be stored in a safe place and the appropriate people should be informed of its existence.