You may have been cohabitating with your proverbial estate planning elephant for some time now, but if the first part of this article attempted to prove anything, it's that the best way to tackle any challenge is to take it step by step, or in this case, bite by bite. With this approach, creating that much-needed estate plan is decidedly within reach, and any reasons for procrastinating you may still have been clinging to should have been well trampled by now.
If you don't already have a will in place, get to work on drafting it now.
You've started breaking the chore of estate planning into small, more palatable “bites,” and you've already accomplished a great deal. Once you've taken stock of your physical assets as well as your more intangible property, tallied up your debts, and have asked your agent or advisor to give your annuity and/or life insurance policies a good checkup, you're well on your way toward a comprehensive plan.