- Estate planning is for everyone.
- Estate planning is not just for “the wealthy."
- Too many people don’t plan.
- If you don’t have a plan, your state has one for you, but you probably won’t like it.
- An estate plan begins with a will or living trust.
- Planning your estate will help you organize your records and correct titles and beneficiary designations.
- Estate planning does not have to be expensive.
- The best time to plan your estate is now.
- The best benefit is peace of mind.
Believe it or not, you have an estate. In fact, nearly everyone does. Your estate is comprised of everything you own— your car, home, other real estate, checking and savings accounts, investments, life insurance, furniture, personal possessions. No matter how large or how modest, everyone has an estate and something in common—you can’t take it with you when you die.
When that happens—and it is a “when” and not an “if”—you probably want to control how those things are given to the people or organizations you care most about. To ensure your wishes are carried out, you need to provide instructions stating whom you want to receive something of yours, what you want them to receive, and when they are to receive it. You will, of course, want this to happen with the least amount paid in taxes, legal fees, and court costs. This is estate planning. Estate planning is the act of preparing for the transfer of a person's wealth and assets after his or her death. Assets, life insurance, pensions, real estate, cars, personal belongings, and debts are all part of one's estate. Through our partnership with local attorneys, we can help with that!
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