Estate planning is just for the very well to do. If you have a sizable estate the government wants half of it when you pass away. There are many death tax savings strategies that can save substantial dollars.
More important though is planning for your spouse and children. It doesn’t matter how much you have, you need to decide on how you want it to pass to your family in a way that will minimize any family conflict and give your children the best chance for success.
There are also lifetime considerations like living wills, health care directives, and trusts that can really help your family should you become disabled during your lifetime.
I am an attorney in Colorado helping clients with estate planning issues. If you want to take care of your family, please contact me and I’ll get you started on putting your plan together.
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by Steven Schlagel