In its most basic form, estate planning is the process of planning for the management and disposition of your assets and resources when you are deceased or no longer able to manage your own affairs. While most people think estate planning is just worrying about assets or minimizing income and estate taxes, it is really much more. Estate planning is really about accomplishing your goals during your life and beyond.
Although many people share similar goals, the process of estate planning involves identifying your own specific goals. Once you identify them you can, along with your advisors, determine the best strategies to achieve them. Since people are different, this estate planning process will be very different from person to person.
*Excerpt from Love, Money, Control: Reinventing Estate Planning by Daniel O. Hands, Robert A. Esperti, and Renno L. Peterson
No comments:
Post a Comment