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Being Prepared- Important First Steps for your Estate Plan

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Being Prepared- Important First Steps for your Estate Plan

Posted On: December 1, 2017 by Home State Bank in:

Being Prepared -- Important First Steps By: Danille Curtis Where do you start?  This whole idea of making a plan seems a little overwhelming.  Every situation is different and there is not a cookie cutter plan that fits everyone.  So, where exactly do you begin?  Here are some important first steps to get you started on your estate plan. 1.    Select a qualified executor or trustee This one decision is critical.  You should make sure to choose an executor or trustee you feel confident can manage your assets.  Do you have a large investment portfolio, farm land or other unique assets that may take expertise to manage?  Would you prefer an executor outside the family to alleviate undue stress on your family?  Home State Bank has filled this role for many families helping to preserve family harmony, and providing objectivity as well as investment and land management expertise for efficient transfer of assets. 2.