It involves not only passing on your assets, such as real estate, personal property, and financial assets,
but also planning for others to make decisions for you either while you are living or after you die.
This guide will help you:
Learn the benefits of estate planning.
Examine planning tools such as wills and trusts.
Understand the intricacies of turning your estate over to another person.
Your estate plan can outline who will manage the settlement of your estate and who will oversee the affairs of any children who are minors.
Elderly parents, disabled children, and charitable gifts require special considerations in your estate plan.
Estate planning can be a complex undertaking involving legal documents, tax considerations, and critical personal decisions.
For this reason, you may want to consult an estate planning attorney who specializes in this field.
Estate planning involves much more than having a
will. It entails planning for the transfer of all of
your assets, reviewing the tax considerations of
these transfers, considering the special needs of
your loved ones, and making sure someone can manage
your affairs if you are unable to.