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Title: Essential Dos and Don'ts of Estate Planning: Expert Advice from Mark Fishbein to Secure Your Legacy

United States, 8th Jun 2024, King NewsWire - Important process of estate planning.Estate planning is an essential process that can ensure financial security for you and your loved ones while ensuring that your wishes are met and will be respected after your death. However, it is important to approach this business with the right knowledge and strategy. In this comprehensive guide, we'll explore the dos and don'ts of estate planning with insights from Mark Fishbein, Director of Estate Planning at ALTA Estate. >What to do in estate planningEducate Yourself: Start your estate planning journey by learning about the basics. Understand the role of various estate planning documents, such as powers of attorney, wills, living wills, and living trusts. For example, a last will and testament outline how your assets will be distributed, while a living trust can help avoid the probate process.Mark Fishbein's view: “Education is the foundation of a successful estate plan. Knowing your options and available tools allows you to make informed decisions.”Do Seek Professional AdviceDo: Even if your estate seems straightforward, consulting an estate planning expert is invaluable. Experienced professionals like Mark Fishbein can guide you through complex tools like revocable living trusts, ensuring your plan is comprehensive and tailored to your unique needs. Mark Fishbein’s Insight: “Professional advice can help you navigate the intricacies of estate planning, ensuring that your plan is legally sound and aligned with your goals.”Do Choose Responsible Executors and AgentsDo: Selecting the right people to manage your affairs is critical. Your executor and agent under your powers of attorney should be individuals you trust implicitly. It's also essential to confirm that they are willing an...

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