Estate Planning Basics

Your estate consists of all the property you own, whatever it is worth, and wherever it is located. Planning involves a systematic development and updating of goals, policies, and procedures.

So, estate planning is the systematic development and updating of goals, policies, and procedures for all of the property you own, whatever it is worth, and wherever it is located.

Yet, the vast majority of Americans have done relatively little or no estate planning. Nearly 60% of Americans don't even have a Will, giving them little control or input into issues such as what will happen to their assets and any minor children after they die.