How to Prioritize Happiness for You and Your Loved Ones

– The individual should identify what brings them happiness and prioritize those things in their estate planning.
– They should consider how their wealth and property can be used to generate happiness for themselves and their loved ones.
– They should review their estate planning documents to ensure that they reflect their priorities and align with their goals for happiness. 1. Review all estate documents, including life insurance and retirement account beneficiary designations, wills, trusts, pay-on-death designations, and property deeds and titles.
2. Understand how accounts and property will be transferred or paid out upon death and determine if they align with identified priorities.
3. Contact professional advisors, such as attorneys and financial planners, to make necessary changes or additions to the estate planning.
4. Work with advisors to design provisions in the will or revocable trust to set aside funds for specific priorities, such as education or experiences for future generations.
5. Consider changing beneficiary designations on accounts to be payable to a trust or make other protective arrangements to ensure priorities are met and assets are not squandered.

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