Estate Planning Without an “Estate”
When the words “estate planning” come to mind, many people think of billionaires such as Bill Gates or Mitt Romney. These wealthy Americans certainly do have an estate and a very complex estate plan. However, anyone with a few dollars in the bank or a life insurance policy technically have an estate. Your estate is anything you’ve accumulated over your lifetime. Therefore, it’s important to have an estate plan even if you don’t feel like you have an “estate.” Below are a few tips to consider, including some information that may surprise you:
Hopefully this list of popular estate planning documents has been helpful. Please be sure to speak with a qualified estate attorney before making any changes to your estate plan. This can be a very complicated topic, so professional guidance is important.