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Read more about How to Move Your Pets into a New HomeFiguring out what would happen to your loved ones if something happened to you may seem stressful and time-consuming. But if you want a say in who gets what — and most importantly who cares for your kids (or your pets) — then you need an estate plan.
You may think you don’t need one because you don’t have a big enough “estate” or because you’re too young, but the fact is that most people should have an estate plan. That doesn’t mean it has to be complicated, though.
We’re here to simplify the topic and provide you with a checklist to help get this very important item crossed off of your to-do list.
An estate plan is an umbrella term that covers many different documents, all designed to:
This estate planning document checklist outlines what you should consider having in your plan:
A key component in any estate plan is the will.
While the beneficiaries you name on insurance policies and financial accounts will determine who gets most of your assets, only a will can define who will care for your children and/or pets and who gets your other physical assets.
If you don’t create a will, the state you live in has created one for you. Most of what you own will be transferred according to state law, regardless of what you want.
Luckily, there are services available online that can make creating a will fast and easy. And our personal info organizer is a great tool to help you gather what you’ll need to get started.
Nationwide® has partnered with FreeWill to offer you a fast, easy way to get a will that’s 100% free and 100% legal.
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