Estate planning isn’t just for people with a lot of land or wealth. Believe it or not, you have an estate. In fact, nearly everyone does. To name a few examples, your estate includes your car, home, bank accounts, life insurance, and investments—and no matter how large or how modest—it is all part of your estate. It’s all about making sure that if something happens to you, your family won’t be burdened by speculating on what you may have wanted. It gives them the freedom to grieve and the comfort of knowing they’re honoring your wishes.
Having a plan for your estate — your home, your money, and your possessions — means you can continue to help your family. Your advisor will help you look at your investments, insurance policies, savings, and overall goals so you can create a plan designed to set your family up for financial success in the event of your passing. Estate planning is ultimately taking care of your loved ones by taking care of yourself.