Estate Planning Basics- Plan Your Estate
Discussing Estate Planning with your Family
What is Estate Planning and Why is it Important
Find out how to get started with estate planning, including understanding the basics, organizing documents and choosing your beneficiaries.
Have you thought about:
Intergenerational Wealth Transfer
What is Your Estate?
Everything you own or would own after your death forms part of your Estate.
When you plan for your Estate you decide what goes to whom, when, how .
What is Estate Planning?
Estate planning is the process of determining what will happen to your assets when you pass away or become incapacitated.
Good estate planning will ensure that your assets are appropriately distributed and that your loved ones will continue to be taken care of in the event something happens to you. When planning your estate, you could use tools such as a will, setting up a trusts, establishing power of attorney, and other special structure vehicles.
Everyone needs an estate plan – not just the wealthy. Your situation’s complexity will determine which documents your plan requires, but Five Documents are often essential.
For many people, estate planning is simple – with professional help. However, depending on the situation, it may be rather complex. In either case, here’s helpful information on getting started.