As the president of Insmax Insurance Brokerage, Lawrence M. Koresko oversees a variety of financial and legal services. Lawrence M. Koresko and his firm help clients navigate the complexities of life insurance, estate planning, business succession planning, and other services.
Estate planning is difficult, but having a plan ensures that your wishes are carried out both while you are living and after you are gone. Proper planning should include financial and legal professionals, but these three tips will get you started:
1. Get organized while you can. It is never too early to start planning for the inevitable, and being prepared can help your loved ones if something unthinkable happens. Write a will, and have it reviewed by your attorney.
2. Designate a power of attorney, fill out a release-of-information form, and create a living will. These important documents protect your family and your wishes in the event that you are incapacitated. A living will lets your wishes be known, and the other documents give your family or lawyer the power to carry them out.
3. Consider life insurance. Life insurance is most important if you have a spouse or dependents that will need support.
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