Estate planning is a way to protect your family and your assets. It is a means of helping your loved ones honor your wishes without question or dispute. Leaving the care of your family or the distribution of your estate to the courts means letting a stranger determine who will care for your minor children and who will get your personal belongings.
Planning ahead will allow your loved ones to grieve and support each other without the worry of trying to figure out what to do with everything you have acquired and cultivated throughout your lifetime.
The essentials of every estate plan include:
- Will and trusts
- Powers of attorney
• Tax planning and controversies