A Chartered Financial Consultant through the American College of Financial Services, Edgar Whitmore has served as a partner with Lenox Advisors for the past decade. In this role, Edgar Whitmore draws on 26 years of experience to assist clients in areas such as wealth preservation and estate planning.
Creating a will is a key aspect of estate planning, and a financial advisor can ensure you tend to all the important details. To makes sure your wishes are carried out, consider the following:
1. Beneficiaries. Who do you want to inherit your possessions and property? Be as specific as possible, and consider beloved causes or institutions as well as children and/or grandchildren.
2. Executor. You need a responsible, trustworthy individual to administer your estate. Once you have someone in mind, confirm that they are willing to accept the role.
3. Property. Make an exhaustive list of your assets, which might include homes, vehicles, stocks, and personal items, and specify where each should go.
4. Digital legacy. These days, you might have numerous virtual assets. Assign someone to manage photos or writing that exist only online, as well as to close out or maintain social media accounts.
Creating a will is a key aspect of estate planning, and a financial advisor can ensure you tend to all the important details. To makes sure your wishes are carried out, consider the following:
1. Beneficiaries. Who do you want to inherit your possessions and property? Be as specific as possible, and consider beloved causes or institutions as well as children and/or grandchildren.
2. Executor. You need a responsible, trustworthy individual to administer your estate. Once you have someone in mind, confirm that they are willing to accept the role.
3. Property. Make an exhaustive list of your assets, which might include homes, vehicles, stocks, and personal items, and specify where each should go.
4. Digital legacy. These days, you might have numerous virtual assets. Assign someone to manage photos or writing that exist only online, as well as to close out or maintain social media accounts.
