In life, there are many important milestones. For many people this list of milestones includes graduations, marriage, children, opening a business, and retiring. As we move through life, it is important to plan for the next step as well as to plan for the unexpected.
For some people, especially younger families, estate planning is much like an insurance policy – hopefully it isn’t needed, but it is comforting to have in place. For others, estate plans are made with specific goals in mind, such as to ensure the smooth transition of a business, protect family members from creditors, or minimize tax consequences.
Here are important estate planning-related projects to consider at various points of life: