What is Estate Planning?
Estate planning involves forecasting scenarios and taking actions. Some common scenarios in estate planning include death and disability, which can encompass a wide range of potential situations.
Different Approaches to Estate Planning
While estate planning can take various forms, it can generally be classified based on the presence or absence of a trust.
Main Documents for Your Estate Plan
Let’s review some of the essential documents in estate planning to understand how they can fit into your estate plan.
What Documents Are Needed to Get Started?
When beginning the estate planning process, it’s helpful to gather information about your finances and family members. The following documents can assist you in starting to establish your current situation and identify areas where changes may be needed:
Creating a Stress-Free Process for Your Heirs
With proper estate planning, you can make difficult situations easier for your family members. Death, illness, and accidents are challenging enough on their own. If we add financial stress to a tragic situation, it will be even worse.
Frequently Asked Questions (FAQs)
Why does estate planning matter? How much does estate planning cost? How can you find the right estate planner?
Source: https://www.thebalancemoney.com/what-are-the-essential-estate-planning-documents-3505184
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