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Estate Planning

Promark Financial: Estate PlanningWhen it comes to estate planning, we want to provide you with the most comprehensive coverage. We are qualified to help you prepare for the transition of your wealth.

Your Will
Writing a will is the first practical step in estate planning. It helps to ensure that your assets are protected when you die. Writing your will is as simple as typing out how you want your assets to be distributed to those you love. If you don’t have a will set up when you die, your estate will be handled in probate which causes your wealth to be distributed in ways differently than your desires. You can write a living will if you want the flexibility to modify your will as you see fit.

Learn More About TrustsTrusts
When you start the process of estate planning, you may want to consider setting up a trust. A trust is different from a will because a will merely stipulates how you want to distribute your assets when you die, whereas a trust formalizes how you want to distribute those assets. Trusts can be used to ensure that the assets you leave to foundations, charities, and loved ones are not consumed too quickly.

One of the most common forms of trusts is a living trust. A living trust allows you to begin transferring assets while you are still alive. A living trust also allows you to avoid probate, which can be a time-consuming and expensive process.

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