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COVID-19 forced businesses to shut down, which led to mass unemployment and sent economies into a tailspin. However, the biggest devastation was the millions of lives lost across the globe.

All people should work on planning an estate while they can. Most people usually talk about how they will plan their estate later, but there are many challenges with the process. If there is an accident that they did not see coming, there could be quite a bit of confusion if they did not plan the estate properly.

Estate planning can provide peace of mind, ensuring that your assets, interests, and loved ones will be protected after you die, but it is also fertile ground for some costly mistakes. Whether due to oversight or improper planning, any mistakes made during estate planning can undermine your intent and drastically diminish the financial legacy you leave behind. They can also create added stress for your heirs in a moment of grief. To help you avoid some basic errors that could prove to be costly, Romero Legal Group. P.C. Attorney and Counselor at Law, has put together a list of the most common mistakes people make during estate planning.

Thoughtful planning of your estate and business means preparing for the orderly and efficient transfer of assets in case of any eventuality. It will ensure your family is taken care of and your company remains viable. However, many individuals find estate and business planning confusing. This is often the result of misunderstandings and believing false information. As an attorney, Romero Legal Group. P.C. Attorney at Law has come across many clients assuming that planning their business and estate is just for the ultra-wealthy or the very old. And believing these misconceptions cloud rational decision-making when it is most needed.

Original Article Source Credits: HG.org, https://www.hg.org

Article Written By: NA

Original Article Posted on: NA

Link to Original Article: https://www.hg.org/legal-articles/estate-planning-considerations-for-single-people-45441

Original Article Source Credits: the balance, https://www.thebalance.com

Article Written By: Julie Garber

Original Article Posted on: May 10, 2021

Link to Original Article: https://www.thebalance.com/living-vs-revocable-trust-3505393

As a leading attorney and counselor at law in Albuquerque, NM, I pride myself on providing excellent legal services at affordable prices. Over the last several decades, my success has been driven by happy clients, who have given me referrals and written positive reviews about my services. While quality is something that runs through my veins at Romero Legal Group. P.C. Attorney at Law, so does gratitude.

Original Article Source Credits: Investopedia, https://www.investopedia.com

Article Written By: Barclay Palmer

Original Article Posted on: Dec 15, 2020

Link to Original Article: https://www.investopedia.com/articles/04/121304.asp

Original Article Source Credits: the balance, https://www.thebalance.com

Article Written By: Julie Ann Garber

Original Article Posted on: March 12, 2021

Link to Original Article: https://www.thebalance.com/do-you-need-to-hire-an-estate-planning-attorney-3505703

Original Article Source Credits: HG.org, https://www.hg.org

Article Written By: NA

Original Article Posted on: NA

Link to Original Article: https://www.hg.org/will-and-testament.html#1

Original Article Source Credits: the balance, https://www.thebalance.com

Article Written By: Julie Ann Garber

Original Article Posted on: March 17, 2021

Link to Original Article: https://www.thebalance.com/what-are-the-essential-estate-planning-documents-3505184

Original Article Source Credits: Investopedia, https://www.investopedia.com

Article Written By: ANDREW BEATTIE

Original Article Posted on: Feb 25, 2021

Link to Original Article: https://www.investopedia.com/articles/pf/11/before-becoming-an-executor.asp

Original Article Source Credits: The Motley Fool, https://www.fool.com

Article Written By: Christy Bieber

Original Article Posted on: Feb 13, 2021

Link to Original Article: https://www.fool.com/personal-finance/2021/02/13/estate-planning-supporting-your-loved-ones-after-y

If you’re looking to create a trust, whether it’s because you want to equally distribute the trust income only for the benefit of the people identified in the trust, or to keep it away from prying hands, it’s important to pick a reliable agency with high standards. After all, the end product will be a direct reflection of your business! Therefore, it’s essential to choose an attorney and counselor that you can trust to handle the estate planning in a way that represents you and the trust beneficiaries. 

Businesses were hit badly by the Coronavirus pandemic with large chunks of the population staying indoors to protect against catching the virus. Furthermore, a lot of people were not sure about their futures with many companies letting go of their staff, so they did not want to take a lot of risks and preferred not spending until things started getting better.

Original Article Source Credits:   Forbes , https://www.forbes.com/

Article Written By:  Steve Parrish

Original Article Posted on:  Dec 11, 2020

Link to Original Article:  https://www.forbes.com/sites/steveparrish/2020/12/11/lessons-from-the-rich-and-famous-why-estate-planning-should-be-part-of-your-retirement-plan/?sh=63e00fef320a

Original Article Source Credits:   Chron , https://smallbusiness.chron.com/

Article Written By:  David Sarokin

Original Article Posted on:  November 16, 2020

Link to Original Article:  https://smallbusiness.chron.com/planning-important-step-starting-business-15.html

As life is full of unexpected events, creating a Will is one of the most crucial things for an adult to do for their loved ones. By putting down your final wishes on paper, you help your loved ones avoid hassles, and you get the satisfaction of knowing that your possessions will end up in the hands of your heirs or next of kin. It can also help you outline the guardianship of your children in the event of your untimely death.