Wills, Trusts & More Estate Planning Basics
What is Estate Planning?
Estate planning is the process of preparing for the management and distribution of your assets after your death. It’s not just about creating a will; it encompasses a broader strategy to protect your family and loved ones, minimize taxes, and ensure your wishes are carried out. This involves considering your assets, your family’s needs, and potential future scenarios. Good estate planning offers peace of mind knowing your affairs are in order.
The Importance of a Will
A will is a legal document that outlines how you want your assets (property, money, possessions) distributed after your death.