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1ESTA TE P L A NNI NG ESTATE RECORD RESPECTABLE OF CONTENTS Personal information2Your information2 Children2 Other beneficiaries of your Will2Personal advisors3Your powers of attorney3 Your spouse
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Estate planning is the process of arranging for the distribution of a person's assets after their death.
Estate planning is not something that is filed like taxes; it is a set of legal documents created to outline how a person's assets should be distributed after their death.
Estate planning is typically done with the help of an attorney who specializes in this area of law. It involves creating a will, setting up trusts, and naming beneficiaries for assets.
The purpose of estate planning is to ensure that a person's assets are distributed according to their wishes and to minimize taxes and fees associated with transferring assets after death.
Information that must be included in estate planning documents typically includes a list of assets, beneficiaries, and instructions for how those assets should be distributed.
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