Estate Planning
By planning your estate, you not only control the distribution of your assets after your death but you are prepared in the event you become disabled. You save your family from the pressure and stress of making end-of-life decisions for you and choosing how to distribute your estate. Your estate plan involves the preparation of a revocable living trust, last will and testament, advance directive, and durable powers of attorney for property and health care decisions.
Who Has an “Estate”?
Everyone has an estate. Think of your estate as your net worth, which includes the assets you own (money, goods, and property) minus any liabilities or debts (mortgages, personal or consumer loans, and taxes).
Additional information about estate planning: