![]() Provide financially for your family once you’re gone or incapacitated. ![]() An estate plan can include anything from personal belongings such as clothes and jewelry, to cars and houses, to retirement accounts and life insurance policies.Īn estate plan has three overarching functions: What Is Estate Planning?Įstate planning is a process that spells out what will happen to your property and your assets when you die-or when you become incapacitated and can no longer manage your own affairs. That’s why everyone-not just the wealthy-needs to have a solid plan in place.īut what exactly is an estate plan, what should it include, and what might happen if you never get around to creating one? Knowing the answers to these questions can give you the basic tools you need to put together a solid plan for your assets that benefits your estate, your family, and you. Estate planning is about protecting the people you love, regardless of your age and income.
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