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A plan for your affairs

With an estate plan, you’re in control

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Estate planning can let you make important decisions now in case there’s ever a time when you are unable to.

Key Takeaways:

  • Estate planning is the process of making a plan for when you are unable to handle your affairs yourself.
  • An estate plan typically addresses what happens to your dependents and assets after you pass away. But it may also set out a plan for transferring assets during your lifetime or planning for your future medical care.
  • You may need an estate plan whether your finances are simple or complex and whether your family is large or small.
  • The advantages of planning can include providing for dependents, control, increased impact, potential tax advantages and reduced conflict among heirs.
  • Your estate plan may include a number of documents and entail working with a variety of financial and legal professionals.

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