
What Does an Estate Plan Include?
Many people mistakenly believe that estate planning solely involves creating a will or trust to pass on assets. However, estate planning encompasses a wide range of elements beyond just these documents. It is a crucial process that allows individuals to make important decisions about their belongings and beneficiaries. Contrary to popular belief, estate planning is not exclusive to the wealthy. It is a necessary step for anyone looking to ensure their assets are distributed according to their wishes after their passing. This article aims to provide an overview of the key components that make up an estate plan, emphasizing its importance for individuals of all financial backgrounds. Understanding Estate Planning Estate planning involves legally documenting the distribution of one’s assets