Why You Should Revisit Your Estate Plan
Estate planning is an important, but often times overlooked, aspect of financial planning. Estate plans are used to make sure that an individual’s final property and health care wishes are honored and loved one’s are taken care of in the event of incapacity or after their passing. Estate plans are typically comprised of a variety of legal documents and financial strategies including a will, power of attorney (POA) and health directives, trusts, insurance policies, beneficiary designations, gifting strategies, and projected estate tax liability.
