Do you really need to learn about estate planning? If one or more of the following is true for you, then the answer should be yes:
- You want a say in who receives your assets after you're gone.
- You want your kids or grandkids to receive their share of assets when they are mature enough to handle the responsibility -- and not all at once.
- You want someone you know, not a court-appointed administrator, to handle the distribution of your assets.
- You think it's important to maximize the amount of money you provide to your beneficiaries, and minimize court costs and taxes.
- You want to select the appropriate guardian for your child.
- You want your business to continue after your death.
If you're thinking to yourself, "Jeepers ... that includes just about everyone," you're right.
Learn more about estate planning in this article from our Retirement Center. Or for more information, consider a free trial to our Rule Your Retirement newsletter. Each month, advisor Robert Brokamp helps you prepare for and plan your retirement.