Nine Important Estate Planning Tips
1. Create a will.
2. Update beneficiary designations.
3. Establish health care directives.
4. Consider a power of attorney.
5. Establish a trust.
6. Plan for distribution of your retirement assets.
7. Use gifting strategies to reduce estate tax liability.
8. Decrease or eliminate estate taxes.
9. Determine how to draw down your assets.
This is meant for educational purposes only. It should not be considered investment advice, nor does it constitute a recommendation to take a particular course of action. Please consult with a financial professional regarding your personal situation prior to making any financial related decisions. Waddell & Reed does not offer tax or legal advice. 10/19