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How to start estate planning

Just the same as many things in your life, when it comes to estate planning, it is the first step that can be the most difficult to take.

Even if you know what you are doing or what you are supposed to be doing, it can be a challenge to move in the right direction.

If you have been sitting back, wondering what to do first, you are not alone. Fortunately, once you take the first step everything will begin to clear up. Here are a few things you can do to start estate planning without any further delay:

-- Keep an open mind. You may go into estate planning thinking about your death and other morbid details, but when everything is said and done, you will realize that this has just as much to do with living as dying.

-- Get organized. This means taking note of the most important details, such as identifying your assets and thinking about who you want to leave your property to.

-- Involve others. Are you married? If so, you want your spouse to be part of the estate planning process. If you are older, it is common to get the assistance of an adult child.

There is a lot that goes into estate planning, but it is not something you should shy away from. This should be important to you now as well as in the future.

If you get started on the right foot, without putting too much stress on yourself, it becomes much easier to complete the process and feel good about the decisions you made.

Source: Fox Business, "4 Tips to Begin the Estate-Planning Process" accessed Jan. 26, 2015

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