Estate Planning

Question:
What kinds of things should I concern myself with in preparing to create an estate plan?

Answer:
To begin with you need to understand exactly what an estate is. An estate consists of all the property that a person owns or controls, whether held solely or in some joint manner, and all other money or wealth that would be generated upon someone’s death. Estates include:

• Real estate
• Annuities
• Personal property
• Retirement accounts
• Business interests
• Debts owed to others
• Life insurance
• Claims you have against others