Article

Plan while you can

It’s never too soon to make an estate plan, but it can be too late

Estate planning can help you define your wishes, plan for uncertainties and feel more confident that your family will be taken care of.

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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