A lot of people ask the same concerns about estate planning. What are the most frequently asked questions people ask regarding estate planning?
There are many reasons for you to think about planning your estate. One of the main reasons is that you want to ensure your loved ones are cared for after your passing. The will is a document to list your assets and property, as well as making a designation of guardianship for your children in the event of your death.
Another reason to do estate planning is to ensure that your medical wishes will be fulfilled if you’re incapacitated. The best option is to make the living will or health care proxy which clarifies the treatment you prefer and don’t want, and this will make sure that your wishes are followed regardless of the fact that you’re not able to speak for yourself.
Planning your estate can reduce the amount of taxes will be due after your passing to the next generation. If your estate is worth a high value, this could assist in the reduction of taxes. hly9oo7fwf.