Estate planning is the process of anticipating and arranging for the management and disposal of that person’s estate during their life and after death, while minimizing gift, estate, generation skipping transfer, and income tax. Roughly one half of Americans do not have an estate plan. I & E Planning can help walk you through this process and help minimize as much stress or communication that will be necessary between family members.
When someone does not have a written will, the state (of their residence) has one for them. One’s healthcare directive (living will), decisions regarding who will have custody of minor children, power of attorney are a few examples of why estate planning is important for people of all ages and economic levels.
Things like the song you want played at your funeral, scriptures to be read, stories to be told, messages to be left for loved ones… your legacy should be written down.
Beneficiary designations may be found on life insurance policies and retirement accounts. It is important to review and update your beneficiary designations to be sure they are exactly as you want them. We help people get access to affordable, quality estate planning documents, record their wishes with storage so that important information will be accessible at the appropriate time.
Are you an executor of an estate? Download the checklist of things to do when someone dies.