Estate plannerswork with clients,providing accounting,financial,and legal advice to help them prepare for end-of-life and succession issues. The main objective of estate planning is to safeguard clients?assets as they pass from their ownership to their desired inheritors.
People also ask
What is estate planning?
BREAKING DOWN ‘Estate Planning’. Estate planning involves planning for how an individual assets will be preserved, managed, and distributed after death. It also takes into account, the management of an individual properties and financial obligations in the event that s/he becomes incapacitated.
Do I need an estate planner?
As your estate grows in size, estate planning becomes more complicated and the need for a professional becomes greater. This is especially true if you have children under the age of 18 who would need to be provided for and taken care of.
How can FindLaw help with estate planning?
The resources in FindLaw’s Estate Planning Center can help you identify your estate planning needs, recognize potential solutions, and locate an experienced Estate Planning attorney to help you at every step of the estate planning process. Most estate plans include a last will and testament and a power of attorney.
What is the impact of good estate planning on a family?
Estate planning is not just for the wealthy either, although people who have accumulated wealth may think more about how to preserve it. Good estate planning is often more impactful for families with modest assets because the loss of time and funds as a result of poor estate planning is more detrimental.