Everyone needs Estate Planning. From the young couple with their child and modest estate to the retiree with a million dollar I.R.A., estate planning issues affect all Americans. It is a common misconception that estate planning is only for the rich who want to save taxes at death. The truth is that 90% of estate planning is for individuals with small or medium sized estates...those who have no tax issues.
Everyone should be concerned with how, when and to whom their assets will pass at the time of their death. Do you want you child’s inheritance from you to be taken by their ex-spouse in the case of a divorce? Do you want that money seized by a creditor in the case of a serious car accident or bad business deal? Most people want as much asset protection as possible. This is certainly an attainable goal if your estate is properly constructed with the proper use of Wills and Trusts.
In order to understand just how extensive this area of law actually is,
examine the following list and consider how you might benefit from a better understanding of these issues:
