Estate planning is not a fun endeavour for most people. In fact, many prefer to put the task off as long as possible or, in some cases, not do it at all. No one wants to consider what will happen after they die. It is a sad reality we must all face, and the more prepared we are for it, the easier it will be for the loved ones we leave behind.
Estate Plan Basics
An estate plan explains what will happen to all of a person’s belongings and wealth once they have passed on. This will outline what will happen to your home and everything in it as well as any other assets you own. It is also designed to help minimize taxes and fees that will have to be paid throughout the process. The goal is to protect your estate and the interests of all beneficiaries when the time comes.