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It's Never Too Early to Start Estate Planning [Guide]
March 3, 2017
Your family counts on you every day – no matter if you work outside the home or are a stay-at-home caregiver. And whether you’re leaving an inheritance for your children or making a donation to your alma mater or favorite charity, there are several benefits to you and your family for having a strong estate plan and an up-to-date will in place.
- It will help reduce the stress on your family should something happen to you.
- It’s the best way to make sure your wishes are carried out after you’re gone.
- It puts you in control of your assets and the way they’re distributed.
Tools to help you & your loved ones
The free Your Will and Estate Planning Guide will help you gather the information you need to create your first will or update an existing one. And the free Step by Step. Your Guide to Making Practical Decisions When a Loved One Dies can help your family with the difficult tasks that start after you're gone.
Will planning one step at a time
- Planning for your future. Your estate plan can be something simple that requires almost no outside help or something more complex that may require professional assistance. This guide will help you gather the information you need for either scenario or anything in between.
- Settling your estate. Having at least the basic documents in place beforehand (e.g., will, durable power of attorney, advance medical directive, health care agent form) – and possibly more involved tools such as a trust – will help make the estate settlement process as smooth as possible.
- Selecting guardians. If you have minor children or care for adults who are no longer able to handle their own affairs, you can designate a guardian in your will rather than having the court select them.
- Including trusts in your plan. There are several types of trusts that can provide management of assets and distribution of funds to chosen beneficiaries. To learn more about your options, talk with your attorney and visit the Thrivent Trust Company website.
- Selecting an attorney. If you’re just getting started with estate planning and don’t have an attorney, it may be difficult to decide whom to work with. Your Thrivent Financial representative, friends and family may have suggestions.
- Estimating the value of your estate. Taking a step back and really thinking about your assets is important, whether you’re just getting started with your estate plan or you need to update it. This guide provides a list of things to consider.
Download or order the guides
Members can download the free Your Will and Estate Planning Guide1 (PDF) to help with all these aspects of estate planning and more.
Note: To prevent your computer from “freezing” when scrolling through the guide, save the PDF to your desktop first.
Another membership benefit is the Step by Step book, which includes guidelines for everything from arranging the funeral and handling financial matters to settling the estate.
Estate planning can include more than creating a will
While a will and possibly even a trust can be a big part of estate planning, there may be other things to consider such as life insurance, annuities and mutual funds. Talk with a Thrivent Financial representative today to learn more.
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1This guide is for informational purposes only. The questions contained in this guide are meant to act as an aid in formulating your wishes and expressing them to your estate planning attorney. Filling in the blanks does not act as a substitute for executing estate planning documents with the help of an estate planning attorney, who knows the requirements. Thrivent Financial does not provide legal or tax advice. Consult your team of skilled professionals, including your Thrivent Financial representative, estate planning attorney, tax advisor and trust officer, as you develop or modify your estate plan.