Estateplanning

EstatePlanning.com provides you with objective, plain-English resources you need to answer your estate planning questions . . . and to help you better understand estate planning and the estate planning process. EstatePlanning.com can also connect you with an estate planning professional in your geographic area, if you're so inclined. A common mispe... rception is that estate planning is about planning for your death. Our goal with this service is to help Americans understand that estate planning is so much more. Estate planning is making a plan in advance and naming whom you want to receive the things you own after you die. But good estate planning encompasses much more than that. It should also: Include instructions for passing your values (religion, education, hard work, etc.) in addition to your valuables. Include instructions for your care if you become disabled before you die. Name a guardian and an inheritance manager for minor children. Provide for family members with special needs without disrupting government benefits. Provide for loved ones who might be irresponsible with money or who may need future protection from creditors or divorce. Include life insurance to provide for your family at your death; disability income insurance to replace your income if you cannot work due to illness or injury; and long-term care insurance to help pay for your care in case of an extended illness or injury. Provide for the transfer of your business at your retirement, disability or death. Minimize taxes, court costs, and unnecessary legal fees. Be an ongoing process, not a one-time event. Your plan should be reviewed and updated as your family and financial situations (and laws) change over your lifetime. We hope you find these resources helpful.Read More