Introduction to Estate Planning
You may think that your assets are too modest, or that you have plenty of time to plan for events that may still be years away. An estate plan is essential. By planning now for the future, you will be doing both yourself and your family a favor.
This guide is designed to give you an overview of the estate planning process and the main choices you have for implementing a plan. We provide basic information about wills, probate and trusts.
What if you die without an estate plan?
Your beneficiaries will be designated by the state
Legal and administrative fees may be costly
The Court may appoint a guardian
Distributions to heirs may be delayed
Your Estate may be subject to unnecessary estate taxes