What Does a Proper Estate Plan Include?

A Video FAQ with Mary E. Vandenack.

A proper estate plan should include your goals, they should be incorporated into the plan. Some examples of those goals may be to take care of yourself and your spouse, if you have one, for life. If you have a disabled child, you are going to want to make sure your disabled child is taken care of. If you have minor children, you should be considering your minor children. After that, you are going to want to look at how you want assets disposed of. Do you want to keep things in trust for the life of your children, do you want distributions over a period of time or are they able to manage significant distributions at one point in time? The next thing you should look at is minimizing estate taxes or income taxes in terms of distributing your estate.

© 2014 Parsonage Vandenack Williams LLC

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