Estate Planning Basics

End of Life Management Toolkit #6 | by Team Passare and Robert L. Shepard

1. What are important Estate Planning Basics?

Estate planning is a process that continues throughout your adult lifetime, through which you evaluate your current situation and plan for the future. Estate planning is often part of the larger process of lifetime financial planning.

Estate planning is much more than identifying where your belongings should go after your death. Estate planning is the big picture of your life. It’s a lifetime plan that includes your retirement, the possibility of disability and health care needs, and eventually, your death.

Estate planning basics include a range of legal, financial, emotional, and logistical issues.

TIP: Estate planning helps you define your goals and then creates a roadmap to achieve those goals.

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