Estate Planning

Estate planning is about accumulating and disposing of your assets.

Estate planning includes planning in case you become unable to speak for yourself, either temporarily or permanently:

• To keep your financial affairs on track.
• To assure that you receive the medical care you want, and don't receive the medical care you don't want.

At the least, make sure:

• You have executed healthcare advance directives so your medical care wishes will be respected even if you become unable to communicate
• You have a valid will that cannot be challenged because of your health at the time you execute it
• That you name a guardian or make another provision for minor children
• That important papers can be located easily
• That passwords for online accounts are accessible
• That you have arrangements in place to take care of pets immediately upon your demise and thereafter

To learn more about the subjects of interest to you, please see:

• Accumulation of Assets
• Disposition Of Assets  
  
• How To Take Care Of Minor Children
• In Case You Become Incapacitated And Can't Or Don't Want To Speak For Yourself
  
• Communicating With Your Heirs About Your Desires And Your Estate Plans
  
• If You Are In Debt When You Die
  
• Funerals  
• How To Protect Your Digital Assets (Passwords etc.)
  
• A Checklist For The Person Who Will Be In Charge
  

NOTE: If your estate is close to the federal estate tax amount, it is advisable to consult a tax accountant or attorney. For 2021 the estate and gift tax exemption is $12.06 million. There is no federal estate tax for estates under that amount. (There may still be a state tax.)

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