Written by attorney Lissette Crescimone

What is Estate Planning?

Estate planning means creating a plan, while you are alive, regarding the transfer of your property at your death. An advanced estate plan will include a combination of a Will, a Trust and a number of Healthcare Directives customized to meet the needs of your family and reflect your ultimate desires as to how, when, and to whom your property should go to at your death.

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Everyone has an estate. Your estate is made up of everything you own including, but not limited to, any and all of your personal possessions, your house, your car, your bank accounts, your investment accounts, your retirement accounts, real estate, a business – anything you may have an ownership interest in even if shared with another person. The value of your estate does not matter, in fact we always say that the less you have, the more important it is to preserve it from the pitfalls of not doing an estate plan.

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