Estate Planning - WallStreet E Online Brokerage

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By: WallStreetE
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Updated: 02-Apr-09
Videos: 74

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Views: 135
Added: 05-May-08

Your estate includes everything you own. If you don’t make a plan for those assets, you can’t guarantee they’ll go to the people and organizations you wanted. Plus, if you’re lucky enough to have a big estate, you REALLY need a plan or TAXES will devour itt. Step 1? Create a plan to identify what you own. What is everything worth? What’s the total value of your estate? Knowing the answers will help you decide if you should start giving stuff away NOW to avoid potential taxes later. A HUGE mistake? – thinking it’s enough to just TELL people what you want…It’s a painful and painfully common error. What you want must be spelled out in legal documents – a will or a trust. That’s THE BEST way to know all you worked for…will go to the family or friends or charities you most loved.