Element 07 of 10
Estate Planning
How do we protect and transfer what we have built?
What this Element covers
Estate planning often requires an attorney, a financial professional, a CPA, and you. The process can seem intrusive but is essential in achieving a desireable outcome. Each question has a specific purpose.
Analyze assets to determine which should be retained and whether any special expertise may be required to value and dispose of your assets.
Identify which assets may be subject to probate or estate taxes and estimate the potential shrinkage due to these costs.
Estimate and plan for the liquidity needs of your estate, your surviving spouse, and other family members and beneficiaries (for instance, cash may be needed to help cover estate taxes, probate costs, or income replacement).
On Estate Planning
All Estate Planning writing
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