What is estate planning anyway?
Estate planning is the preparation for the distribution and management of a person’s estate at death through the use of wills, trusts, insurance policies, and other arrangements, especially to reduce estate-tax liability.
Estate planning is a branch of law that involves the arrangement of a person’s estate, taking into account the laws of wills, taxes, insurance, property, and trusts.
Listen to Michael Anderson as he outlines what estate planning is . . . just click on the “play” button below…
While you’re living and healthy, you value being able to make your own decisions about your finances, property, health care, and raising your children. Should you die or become incapacitated, you hope others will handle these matters for you according to your wishes.
The only way to assure that will happen is through estate planning.
This process involves weighing various personal and financial decisions and creating legal arrangements to carry out those decisions. A licensed attorney will assist you to determine what you need a will, living trust, powers of attorney, or a living will.