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Estate Planning in 2014: How to Get It Done

Estate planning is one of the tasks that many people seem never to get done. Yet as the new year gets rolling, now is a great time to address this key element of your financial planning.

In the following video, Dan Caplinger, The Motley Fool's director of investment planning, talks about the essentials of getting estate planning done. Dan points to key documents like your will, durable powers of attorney, and health-care directives as essential first steps toward building an estate plan that will protect you and your family. Dan goes on to discuss how those with children will want to protect them with guardians and trusts, and he concludes with advice on checking your beneficiary designations to ensure all your assets go where you want them to go. Dan concludes that estate planning isn't hard once you actually get started.

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  • Report this Comment On October 22, 2014, at 2:36 PM, calebhart54 wrote:

    It's true that hardly anybody ever gets their estate planned at an ideal time. I have been an estate planner for nearly five years and have dealt with tons of clients who have really procrastinated their planning. The advice in here is golden. If you want your tiny estate to grow, you need to invest in it! I wish everyone would read this article so that my job would be easier.

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Dan Caplinger

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

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