How updating your estate plan is crucial in saving money

PHOENIX — As you map out your estate plan, mapping out beneficiaries and keeping it up to date is key in order for the most funds possible to be passed down with ease.

Wills and trusts are crucial parts of an estate plan and it’s important to update the plans in order for loved ones to not end up in probate court.

“You don’t want someone getting stuck in probate court or having to go through the hassle of dealing with that next of kin or beneficiary process, if something were to happen to you, you don’t really want to hold up your loved ones, especially if you know they’re left with in a situation where maybe they don’t have access to those funds,” Matt Dages, president and founder of Bright Wealth Management, said.

One company has emerged that will help keep your estate plan on track and also help save the most money on taxes in order for more money to be passed down to your beneficiaries.

Who to turn to for estate planning?

Bright Wealth Management is the place to go for estate planning and to help make you save the most money for your loved ones.

Bright Wealth has introduced an tax calculator that will help save you money on taxes and show you how to utilize your estate plan in a timely fashion.

“We really want to put the stress on future planning and doing it as soon as possible, because there’s such a big time factor associated there,” Dages said. “This tax calculator on brighttaxbill.com is gonna show you your savings. If you’re looking at that and saying I could save $80,000,$100,000, $400,000 in taxes, that’s going to motivate you to get started.”

Receive a complimentary consultation or call 833-777-4296 for more information.

The Bright Wealth Management Show with Matt Dages airs Saturdays from 1 p.m. to 2 p.m. and Sundays from 3 p.m. to 4 p.m. on 92.3 FM.

Related

Why it’s important to regularly reevaluate investments when planning for retirementInformed decision-making, not following trends, is key to smart investingWhy preparation is key in creating a plan for retirement savingsHow to make reliable retirement income and why portfolio reviews should be a regular thingHow building an adaptable retirement plan can help save you moneyProper income planning, emergency fund creation gives you confidence in retirement