Effective Estate Planning Strategies

Estate planning is essential to ensure your assets are distributed according to your wishes while minimizing expenses and taxes. A well-structured plan starts with taking inventory of what you own, from real estate and bank accounts to digital assets like cryptocurrency. It also involves identifying liabilities and securing important documents such as wills, powers of attorney and living wills. By organizing this information now, you can save your loved ones from financial and legal challenges in the future.

Beyond listing assets, estate planning requires appointing key decision-makers, including an executor, trustee and guardian for minor children. Strategic decisions-such as setting up a trust or gifting assets during your lifetime-can further protect your estate and reduce tax burdens. Keeping your plan updated is just as important, as life changes and evolving laws may impact your wishes. Learn about key strategies, important documents and how to keep your estate plan up to date on USAA.

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