What is Estate Planning?
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Generally speaking, an estate plan is a strategy.
There are a lot of different components to it. Part of it is legal documents, while the other part of it is pieces outside of the legal documents that can include things like a will or a trust. However it is more than that. It also considers powers of attorney for health care and finances, includes beneficiary designations at a bank, joint ownership of who is even on the account and whose name is on the deed.
It also can include if you are married, especially if you are coming from a previous relationship, it can include marital property agreements and figuring out not only where your things are going to go, but also what is considered 'your things'. When you boil it down, an estate plan is simply just a strategy. See more information about Estate Plans.
This video is for informative purposes only. It is not intended as legal advice. Small details can have big consequences. Want to know more about it, schedule a free consultation with us.
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