Although everyone is aware that they are going to die, statistics show that very few of us plan for death by preparing a will, trust or estate plan. According to a study conducted in 2010 by Forbes.com® about 65% of Americans do not have a will?
Often times we hear, “I don’t have enough money to worry about it, I trust xyz person to take care of it, it is too complicated or expensive, etc.” Then there are those people who sincerely believe that if they make a Will they may die.
The primary goal of estate planning is to protect, preserve and manage your estate when you die or if you become disabled. Some people may see no need for estate planning until they reach a certain age, or they might believe that it’s only for the wealthy. But in truth, it’s wise for everyone to begin the estate planning process as early as possible.
PRINCIPLES OF PRESERVING WEALTH
How federal estate taxes work, plus estate management documents and tactics.