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Estate Planning Archives

THE IMPORTANCE OF PERSONALIZED ESTATE PLANNING

What is an estate plan? It is a series of documents in which you provide instructions and declarations regarding your care if you were ever mentally or physically incapacitated and specifies how your assets should be distributed upon your death. An estate plan is created with an attorney and may involve several meetings or discussions in which the attorney will ask questions designed to gather information about your financial, medical and family issues to prepare your planning documents. It also may entail your attorney working with your other professional advisors, such as your financial planner or CPA, in order to gather necessary information and develop a plan which best suits your needs.

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