Starting The Estate Planning Conversation

Let’s face it, estate planning can be complicated. To try and define it simply, estate planning is the process of developing a plan for selecting the who, what, where, when and how of where your assets are transferred during life and after you pass away. Recipients of those assets may include family members, friends, charities, foundations or a host of other individuals and entities. As part of mapping out that process, it’s important to give consideration to your “why.” Why you would like certain people or organizations to benefit from your hard-earned wealth? As a starting place, please work through these 12 questions before having a more in-depth conversation with your wealth advisor.