Estate planning is the preparation of tasks that serve to manage an individual's asset base in the event of their incapacitation or death. The planning includes the bequest of assets to heirs and the settlement of estate taxes. Most estate plans are set up with the help of an attorney experienced in estate law. Assets that could make up an individual’s estate include houses, cars, stocks, artwork, life insurance, pensions, and debt. Individuals have various reasons for planning an estate, such as preserving family wealth, providing for a surviving spouse and children, funding children's or grandchildren’s education, or leaving their legacy behind to a charitable cause. Estate planning goes beyond drafting a will. Thorough planning means accounting for all your assets and ensuring they transfer as smoothly as possible to the people or entities you wish to receive them. Along with implementing your plan, you must make sure others know about it and understand your wishes.
When you’ve worked hard and invested carefully to build your wealth, you want to look after it. That’s why it’s important to understand your genuine feelings about wealth preservation and risk from the outset. We’ll always be very straight with you about what is, and is not, realistic in terms of managing your money.
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