What is an Estate Plan?
An estate plan is exactly what it says it is; a plan for your estate. Estate planning allows you to specify exactly where each of your assets goes upon your death, whether it be to family, friends, a trust, etc. It will ensure your hard-earned assets do not land in the hands of the wrong person.
Why do I need an Estate Plan?
Through estate planning, you will ensure your assets will be handled exactly how you want. By involving the help of a professional, you will also ensure the transfers of your assets will occur with minimum tax consequences, and that your estate has enough liquidity to meet its obligations to your beneficiaries.