What is Estate Planning:

The process of preparing for and organizing one’s assets during a person’s life, for the administration and distribution of that person’s assets during the person’s life, in the event the person becomes incapacitated and after death.

Why is Estate Planning so important:

• To ensure that your loved ones and property are protected.  If you die without a will, the state that you are living in will determine who will get your assets.
• Allows choosing the executor of your will. A corporate trustee should be considered.  During grief, family members may not be in the best emotional state to undertake such a responsibility.
• Makes Bequest of specific assets.  Without a will, your desire to give specific assets to specific persons or organizations may not be fulfilled.