What will happen to your assets when you die? Will you or your estate pay more taxes than necessary?
Planning for the disposition of your assets at your death is an essential part of your financial plan. Whether you are single, married or have children, a basic estate plan will ensure that your assets go to the appropriate recipients while minimizing the estate and income taxes associated with the transfers. A basic estate plan can also appoint guardians for your children and should include a durable power of attorney and health care proxy to protect you and your assets should you become incapacitated.