An orderly plan for what you leave behind.
ESTATE PLANNING
Not just for the wealthy — for anyone owning property.
Estate planning is the process of creating an orderly plan for the disposition of assets at death or incapacity.
What is estate planning?
When creating an estate plan, consideration is given to:
- Limiting tax liabilities
- Determining who receives the assets, when and how
- Facilitating timely payment of estate obligations and taxes
- Limiting costs of administration
Estate planning is a process not just for the wealthy, but for anyone owning property.
Unless you pre-establish the distribution and control of your assets at death or incapacity, state laws will intervene via an expensive and lengthy probate process, where the results may not match your intent.
Establishing an estate plan — e.g. a living trust — can help provide certainty that your assets are available for the benefit of your intended heirs without getting tied up in a lengthy and expensive probate process.
Are your assets protected in a trust?
You can do this right now to get started. You’ll be better prepared before meeting with an estate attorney.
All of our qualified clients should have a trust to protect their assets from the costs and risks associated with probate. You probably need a trust now, too.
We encourage you to explore the Trust & Will (T&W) estate planning quiz. It is triple-risk-free. It costs nothing to start, explore and learn, or to view the results: no credit card needed. If you move forward they even have a money back guarantee.
NOTE: We are not affiliated with T&W and we receive no compensation for the commercial appearance nor for referring clients there.
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Watch: Why Trust & Will — From the Experts (Trust & Will commercial, February 2021).