What is estate planning?
Estate planning is a process. It involves—your family, other individuals and, in many cases, charitable organizations of your choice. It also involves your assets (your property) and the various forms of ownership and title that those assets may take. And it addresses your future needs in case you ever become unable to care for yourself. Through estate planning, you can determine: How and by whom your assets will be managed for your benefit during your lifetime if you ever become unable to manage them yourself. When and under what circumstances it makes sense to distribute your assets during your lifetime. How and to whom your assets will be distributed after your death. How and by whom your personal care will be managed and how health care decisions will be made during your lifetime if you become unable to care for yourself. Many people mistakenly think that estate planning only involves the writing of a will. Estate planning, however, can also involve financial, tax, medical and busi
Estate planning is a process to consider what you want if something happens to you or those you care about, such as injury, incapacity or death. In setting up an estate plan, you will need to consider various alternatives, think through your options, and set up legally effective arrangements that would meet your specific wishes. Good estate planning is more than just a simple Will. Estate planning also typically minimizes potential taxes and fees and sets up contingency planning to make sure your wishes regarding health care treatment are followed. On the financial side, a good estate plan coordinates what would happen with your home, your investments, your business, your life insurance, your employee benefits (such as a 401K plan), and other property in the event you became disabled or if you die. On the personal side, a good estate plan includes directions to carry out your wishes regarding health care matters. If you ever become unable to give the directions yourself, someone you se
Estate Planning is a process by which a person designs a strategy and prepares documents to conserve, protect, and distribute estate assets before and after death for the benefit of loved ones and charities, taking into consideration the effect of state and federal tax and administrative laws and regulations. It can also involve planning for the use of your assets for your care if you become unable to manage your affairs during your lifetime. On the financial side, a good estate plan coordinates what would happen with your home, your investments, your business, your life insurance, your employee benefits (such as a 401K plan), and other property in the event you became disabled or when you die. On the personal side, a good estate plan includes directions to carry out your wishes regarding health care matters, so that if you ever are unable to give the directions yourself, someone you select would do that for you, and know when you would want them to authorize or refuse heroic measures.
Estate planning is a process to consider alternatives for, to think through, and to set up legally effective arrangements that would meet your specific wishes if something happens to you or those you c are about. Good estate planning is more than just a simple Will. Estate planning also typically minimizes potential taxes and fees, and sets up contingency planning to make sure your wishes regarding health care treatment are followed. On the financial side, a good estate plan coordinates what would happen with your home, your investments, your business, your life insurance, your employee benefits (such as a 401K plan), and other property in the event you became disabled or if you die. On the personal side, a good estate plan includes directions to carry out your wishes regarding health care matters, so that if you ever are unable to give the directions yourself, someone you select would do that for you, and know when you would want them to authorize heroic measures and when you would pr
Estate planning is the process of making legally effective arrangements to carry out your specific wishes if something happens to you or those you care about. For many people, good estate planning is more than just a simple Will. It should also minimize potential taxes and fees, and set up arrangements to make sure your wishes regarding health care treatment are followed. On the financial side, a good estate plan coordinates what would happen with your home, your investments, your business, your life insurance, your employee benefits (such as pension and 401K plans), and other property in the event you became disabled or die. On the personal side, a good estate plan includes directions to carry out your wishes regarding health care matters, so that if you are ever unable to give the directions yourself, someone you select will do that for you, including giving instructions to your doctors about administering or withholding extraordinary forms of treatment if your are in a terminal cond
