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WHAT IS AN ESTATE PLAN?

Wednesday, June 24, 2020
Category: Estate Planning and Estate Administration

Your estate is the accumulation of everything you own: your car, real estate, checking accounts, saving accounts, furniture, life insurance, investments, and personal possessions such as artwork or jewelry.

An estate plan encompasses your instructions for what you want to happen to everything you own after you die. Beyond that, an estate plan can also specify burial instructions, help lay out plans if you become disabled, and allow you to prepay for your final expenses.

REF: BAnkrate.com, Leaving a Legacy: Why everyone needs an estate plan

Kindly visit our Estate Planning with Wills or Advanced Estate Planning websites or contact one of our Estate Attorneys, Philadelphia or Estate Planning Attorneys, Philadelphia for more information on this topic.

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