Is estate planning only for the wealthy?

Estate planning is not only for the wealthy. It is important for anyone who wants to ensure that their assets are distributed according to their wishes and to minimize taxes and other expenses after they pass away. Estate planning can also include providing for loved ones with special needs, or creating a plan for the possibility of incapacity during one's lifetime.

Many people associate the term “estate tax” with the wealthy, but in reality your loved ones may face taxes or court fees for assets of any size. It is a good idea for anyone who has any assets or dependents to have an estate plan in place.

Last updated: January 13, 2023