Your estate is comprised of everything you own— your home, car, checking and savings accounts, 401ks, pensions, retirement accounts, investments, life insurance, furniture, copyrights, intellectual property, personal possessions and the list goes on.
So, what happens to all of it should you become disabled or when you die? It is only natural you would want to have a say in the matter – and you should. For 99% of us, it is NOT about estate tax. For 100% it is about taking control.
Estate planning is an important step toward ensuring that your wishes are carried out by providing instructions for the WHO, WHAT, WHERE, WHY and HOW’s of running your affairs.
Comprehensive estate planning entails consideration of :
Estate planning is an ongoing process, one that should be reviewed and updated as your family and financial situations change. Having a properly prepared plan in place will protect your family by ensuring your wishes are carried out and give you and your loved ones peace of mind.
This year, October 16-22 is Estate Planning Week. Have you planned?