I was introduced to a unique way looking at rationale for estate planning. The advisor quoted that there are only four reasons people typically do estate planning.
- Predators – sons and daughters in law, keep the cash away from them
- Outlive wealth – do not wish to run out
- Control – do not want to give up control
- Taxes – looking to minimize the tax liability of the estate
Which of these reasons resonate with you? Have you and your family up to date documents? Call and we can get you started and pointed in the right professional direction.