Why Estate Planning is Important

Having a comprehensive estate plan in place will help you feel more confident about the future and assure that your loved ones will be taken care of. It can help you achieve a variety of goals and objectives, including:

• Providing support and financial stability for your spouse.
• Preserving assets for future generations.
• Supporting a favorite charity or other worthy cause.
• Ensuring all of your assets, including those that pass by beneficiary designation (e.g., retirement accounts and life insurance policies), will be distributed according to your wishes.
• Minimizing income, gift, and estate taxes.
• Ensuring that individuals you choose can make decisions on your behalf in the event of your incapacity.

​See also:

• ​Naming a Guardian for Minor Children
• ​How Property is Transferred at Death
• ​When do I Need a Revocable Trust?
• ​What is a QTIP Marital Trust?