Updated: May 10
Estate planning starts with a will, but there’s more to it than that.
After reaching a certain station in life, almost everyone has an “estate” that consists of some money and other assets that can be passed along to the next generation. However, few people have a written estate plan that specifically outlines who will get what and when. Even fewer remember to update their estate plan after a significant life event, such as marriage, divorce, the birth of a child or the death of a beneficiary..
Without a written and current estate plan, you have no say in who receives your legacy.