Estate planning can serve many purposes. In most cases, though, those who engage in estate planning simply want to provide for their loved ones as much as possible. Fortunately, there are many estate planning tools that can help further that goal. But estate planners need to be careful in which approach they take so that their estate doesn't end up being squandered.
Dealing with retirement accounts during estate planning
Many people have retirement accounts and other investments, as well as Social Security benefits that they have worked hard to earn and build. Although these individuals hope to take advantage of these resources when the time comes, they don't always live long enough to do so. In those instances, major questions can be raised about how those assets will be distributed. Without an effective estate plan, those financial resources may be passed down to someone who doesn't deserve them.
Why should I create a will?
Have you been putting off estate planning? If so, you're not alone. Many Californians struggle to get around to dealing with estate planning.
Estate planning procrastination: how to stop it
Most people avoid thinking about death. The mere thought of our own mortality often makes us uncomfortable, and it depresses our spirits.
Effective estate planning can avoid illusion of unfairness
There is a lot of decision-making that goes into estate planning. Perhaps the biggest decisions are those that determine to whom assets will be distributed when the time comes.
