Most people don't worry too much about what will happen to their possessions when they are gone. They just assume their "estate" will be passed along to their family.
Estate planning is not just for the wealthy. Even if you consider yourself to be of modest financial means, a little careful planning can help minimize taxes payable out of your estate when you die - leaving more for your beneficiaries. CNNMoney.com says, "No matter your net worth, it's important to have a basic estate plan in place. Such a plan ensures that your family and financial goals are met after you die."
Depending on your financial situation and personal goals, you may be able to use life insurance to cover your estate's tax bill.
Call or email one of our professionals today for more information.
*This information does not constitute legal or tax advice. As with all tax planning, please consult your attorney or tax advisor.