Estate planning is the process of legally deciding who receives your assets following your death and how they need to settle your affairs. Estate planning can be valuable for anyone who has any assets, though different types of plans can be more beneficial for those with more wealth. Estate...
An estate planning checklist It can feel daunting when having to plan your estate. For practical advice specific to your situation,contact us** to uncover the True Potential of your estate. What is your estate? An estate is the collection of all assets belonging to an individual, including mo...
The term "estate planning" brings gloomy images of funerals and grieving family members but the estate planning process involves a good bit more than deciding who gets your property after your death. Having a plan becomes even more important for married couples with a blended family, according to...
Estate planning is the process of documenting your wishes and how you want them to be carried out following your death. It’s an essential part of your end-of-life plan. Still, many people aren’t sure what an estate plan entails or why it’s so important. In this guide, we’ll exp...
Writing a will is one of the most important steps. But there's so much more to do. Other major estate planning tasks include the following: Limitingestate taxesby setting up trust accounts in the names of beneficiaries Establishing a guardian for living dependents ...
Estate Planning starts with an analysis of: Your assets Your liabilities Your present and future needs and desires The present and future needs and desires of your family and relatives Your and their future prospects. Estate planning consists
If you are a homeowner, or if you have a family, it is sensible to consider what would happen to your estate in the event of your death. With this in mind, estate planning may be just as important for someone in their twenties as it is for someone in their sixties. As unlikely as...
If you have a particularly large estate, you may also need to use estate planning to minimize estate taxes. That’s a topic we’ll discuss in more detail in the next section.Avoid ProbateOne of the biggest reasons for estate planning is avoiding probate. Probate is a legal process that ...
Estate Planning: Estate planning is the process of arranging and forecasting for the allocation of an estate. Additionally, this process aims to reduce unpredictability and maximize the estates' value by minimizing taxes and any other expense. Estate planning is necessary to manage an individual's ...
distribution of an individual’s estate. It can be completed during a person’s lifetime or when the person becomes incapacitated. Depending on the situation, this planning may also be done after death. In either case, the process is important. Read on to learn more about estate planning. ...