What is Estate Planning?
"Estate planning" is simply the process of making plans related to the disposition of a person's assets (their "estate") after their death. Most people go into estate planning concerned about providing for their family after they die. A good estate plan can ensure that your family is provided for after your death, providing you and your family with valuable peace of mind during your life.
Estate planning can take many different forms, and there are many options to consider when devising an estate plan, and the option that's best for you depends on your financial situation, as well as what you want done with your assets after your death.
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Elements of an Estate Plan
The most common, and often the simplest, element of an estate plan is a will. In your will, you can leave anything you own to whomever you want. Assuming that your will is valid (and ensuring that your will meets all the legal requirements for validity is a fairly simple matter), whoever you leave your property to takes legal ownership of it. Read more
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California Estate Planning Lawyers
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Connecticut Estate Planning Lawyers
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Delaware Estate Planning Lawyers
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Florida Estate Planning Lawyers
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Georgia Estate Planning Lawyers
- Atlanta Estate Planning Lawyers
- Augusta Estate Planning Lawyers
- Columbus Estate Planning Lawyers
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- Athens Estate Planning Lawyers
- Macon Estate Planning Lawyers
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- Albany Estate Planning Lawyers
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Hawaii Estate Planning Lawyers
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Idaho Estate Planning Lawyers
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- Idaho Falls Estate Planning Lawyers
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- Twin Falls Estate Planning Lawyers
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- Caldwell Estate Planning Lawyers
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- Rexburg Estate Planning Lawyers
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Illinis Estate Planning Lawyers
- Chicago Estate Planning Lawyers
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- Aurora Estate Planning Lawyers
- Naperville Estate Planning Lawyers
- Peoria Estate Planning Lawyers
- Springfield Estate Planning Lawyers
- Joliet Estate Planning Lawyers
- Elgin Estate Planning Lawyers
- Waukegan Estate Planning Lawyers
- Cicero Estate Planning Lawyers
- Decatur Estate Planning Lawyers
- Arlington Heights Estate Planning Lawyers
Indiana Estate Planning Lawyers
- Indianapolis Estate Planning Lawyers
- Fort Wayne Estate Planning Lawyers
- Evansville Estate Planning Lawyers
- South Bend Estate Planning Lawyers
- Gary Estate Planning Lawyers
- Hammond Estate Planning Lawyers
- Bloomington Estate Planning Lawyers
- Muncie Estate Planning Lawyers
- Anderson Estate Planning Lawyers
- Terre Haute Estate Planning Lawyers
- Lafayette Estate Planning Lawyers
- Elkhart Estate Planning Lawyers
Iowa Estate Planning Lawyers
- Des Moines Estate Planning Lawyers
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- Davenport Estate Planning Lawyers
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- Iowa City Estate Planning Lawyers
- Council Bluffs Estate Planning Lawyers
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- Ames Estate Planning Lawyers
- West Des Moines Estate Planning Lawyers
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Kansas Estate Planning Lawyers
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- Kansas City Estate Planning Lawyers
- Topeka Estate Planning Lawyers
- Olathe Estate Planning Lawyers
- Lawrence Estate Planning Lawyers
- Shawnee Estate Planning Lawyers
- Salina Estate Planning Lawyers
- Manhattan Estate Planning Lawyers
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- Leavenworth Estate Planning Lawyers
Kentucky Estate Planning Lawyers
- Lexington Estate Planning Lawyers
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- Henderson Estate Planning Lawyers
- Richmond Estate Planning Lawyers
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- Paducah Estate Planning Lawyers
- Florence Estate Planning Lawyers
Louisiana Estate Planning Lawyers
- New Orleans Estate Planning Lawyers
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- Metairie Estate Planning Lawyers
- Lafayette Estate Planning Lawyers
- Lake Charles Estate Planning Lawyers
- Kenner Estate Planning Lawyers
- Bossier City Estate Planning Lawyers
- Monroe Estate Planning Lawyers
- Alexandria Estate Planning Lawyers
- New Iberia Estate Planning Lawyers
- Houma Estate Planning Lawyers
Maine Estate Planning Lawyers
- Portland Estate Planning Lawyers
- Lewiston Estate Planning Lawyers
- Bangor Estate Planning Lawyers
- South Portland Estate Planning Lawyers
- Auburn Estate Planning Lawyers
- Brunswick Estate Planning Lawyers
- Biddeford Estate Planning Lawyers
- Sanford Estate Planning Lawyers
- Augusta Estate Planning Lawyers
- Scarborough Estate Planning Lawyers
- Saco Estate Planning Lawyers
- Westbrook Estate Planning Lawyers
Maryland Estate Planning Lawyers
- Baltimore Estate Planning Lawyers
- Columbia Estate Planning Lawyers
- Silver Spring Estate Planning Lawyers
- Dundalk Estate Planning Lawyers
- Ellicott City Estate Planning Lawyers
- Germantown Estate Planning Lawyers
- Bethesda Estate Planning Lawyers
- Frederick Estate Planning Lawyers
- Gaithersburg Estate Planning Lawyers
- Towson Estate Planning Lawyers
- Bowie Estate Planning Lawyers
- Rockville Estate Planning Lawyers
Massachusetts Estate Planning Lawyers
- Boston Estate Planning Lawyers
- Worcester Estate Planning Lawyers
- Springfield Estate Planning Lawyers
- Lowell Estate Planning Lawyers
- Cambridge Estate Planning Lawyers
- Brockton Estate Planning Lawyers
- New Bedford Estate Planning Lawyers
- Fall River Estate Planning Lawyers
- Lynn Estate Planning Lawyers
- Quincy Estate Planning Lawyers
- Newton Estate Planning Lawyers
- Somerville Estate Planning Lawyers
Michigan Estate Planning Lawyers
- Detroit Estate Planning Lawyers
- Grand Rapids Estate Planning Lawyers
- Warren Estate Planning Lawyers
- Flint Estate Planning Lawyers
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- Lansing Estate Planning Lawyers
- Ann Arbor Estate Planning Lawyers
- Livonia Estate Planning Lawyers
- Dearborn Estate Planning Lawyers
- Westland Estate Planning Lawyers
- Farmington Hills Estate Planning Lawyers
- Troy Estate Planning Lawyers
Minnesota Estate Planning Lawyers
- Minneapolis Estate Planning Lawyers
- St. Paul Estate Planning Lawyers
- Duluth Estate Planning Lawyers
- Rochester Estate Planning Lawyers
- Bloomington Estate Planning Lawyers
- Brooklyn Park Estate Planning Lawyers
- Plymouth Estate Planning Lawyers
- Eagan Estate Planning Lawyers
- Coon Rapids Estate Planning Lawyers
- Burnsville Estate Planning Lawyers
- St. Cloud Estate Planning Lawyers
- Eden Prairie Estate Planning Lawyers
Mississippi Estate Planning Lawyers
- Jackson Estate Planning Lawyers
- Gulfport Estate Planning Lawyers
- Biloxi Estate Planning Lawyers
- Hattiesburg Estate Planning Lawyers
- Greenville Estate Planning Lawyers
- Meridian Estate Planning Lawyers
- Tupelo Estate Planning Lawyers
- Southaven Estate Planning Lawyers
- Vicksburg Estate Planning Lawyers
- Pascagoula Estate Planning Lawyers
- Columbus Estate Planning Lawyers
- Clinton Estate Planning Lawyers
Missouri Estate Planning Lawyers
- Kansas City Estate Planning Lawyers
- St. Louis Estate Planning Lawyers
- Springfield Estate Planning Lawyers
- Independence Estate Planning Lawyers
- Columbia Estate Planning Lawyers
- St. Joseph Estate Planning Lawyers
- St. Charles Estate Planning Lawyers
- St. Peters Estate Planning Lawyers
- Florissant Estate Planning Lawyers
- Blue Springs Estate Planning Lawyers
- Chesterfield Estate Planning Lawyers
- O'fallon Estate Planning Lawyers
Montana Estate Planning Lawyers
- Billings Estate Planning Lawyers
- Missoula Estate Planning Lawyers
- Great Falls Estate Planning Lawyers
- Butte Estate Planning Lawyers
- Bozeman Estate Planning Lawyers
- Helena Estate Planning Lawyers
- Kalispell Estate Planning Lawyers
- Havre Estate Planning Lawyers
- Miles City Estate Planning Lawyers
- Livingston Estate Planning Lawyers
- Laurel Estate Planning Lawyers
- Lewistown Estate Planning Lawyers
Nebraska Estate Planning Lawyers
- Omaha Estate Planning Lawyers
- Lincoln Estate Planning Lawyers
- Bellevue Estate Planning Lawyers
- Grand Island Estate Planning Lawyers
- Kearney Estate Planning Lawyers
- Fremont Estate Planning Lawyers
- Hastings Estate Planning Lawyers
- North Platte Estate Planning Lawyers
- Norfolk Estate Planning Lawyers
- Columbus Estate Planning Lawyers
- Papillion Estate Planning Lawyers
- Scottsbluff Estate Planning Lawyers
Nevada Estate Planning Lawyers
- Las Vegas Estate Planning Lawyers
- Reno Estate Planning Lawyers
- Henderson Estate Planning Lawyers
- North Las Vegas Estate Planning Lawyers
- Sparks Estate Planning Lawyers
- Carson City Estate Planning Lawyers
- Elko Estate Planning Lawyers
- Boulder City Estate Planning Lawyers
- Mesquite Estate Planning Lawyers
- Fallon Estate Planning Lawyers
- Winnemucca Estate Planning Lawyers
- West Wendover Estate Planning Lawyers
New Hampshire Estate Planning Lawyers
- Manchester Estate Planning Lawyers
- Nashua Estate Planning Lawyers
- Concord Estate Planning Lawyers
- Derry Estate Planning Lawyers
- Rochester Estate Planning Lawyers
- Salem Estate Planning Lawyers
- Dover Estate Planning Lawyers
- Merrimack Estate Planning Lawyers
- Londonderry Estate Planning Lawyers
- Hudson Estate Planning Lawyers
- Keene Estate Planning Lawyers
- Portsmouth Estate Planning Lawyers
New Jersey Estate Planning Lawyers
- Newark Estate Planning Lawyers
- Jersey City Estate Planning Lawyers
- Paterson Estate Planning Lawyers
- Elizabeth Estate Planning Lawyers
- Edison Estate Planning Lawyers
- Woodbridge Estate Planning Lawyers
- Toms River Estate Planning Lawyers
- Trenton Estate Planning Lawyers
- Camden Estate Planning Lawyers
- Clifton Estate Planning Lawyers
- Brick Estate Planning Lawyers
- Cherry Hill Estate Planning Lawyers
New Mexico Estate Planning Lawyers
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- Clovis Estate Planning Lawyers
- Carlsbad Estate Planning Lawyers
New York Estate Planning Lawyers
- New York Estate Planning Lawyers
- Buffalo Estate Planning Lawyers
- Rochester Estate Planning Lawyers
- Yonkers Estate Planning Lawyers
- Syracuse Estate Planning Lawyers
- Amherst Estate Planning Lawyers
- Albany Estate Planning Lawyers
- Cheektowaga Estate Planning Lawyers
- New Rochelle Estate Planning Lawyers
- Mount Vernon Estate Planning Lawyers
- Schenectady Estate Planning Lawyers
- Utica Estate Planning Lawyers
North Carolina Estate Planning Lawyers
- Charlotte Estate Planning Lawyers
- Raleigh Estate Planning Lawyers
- Greensboro Estate Planning Lawyers
- Durham Estate Planning Lawyers
- Winston Salem Estate Planning Lawyers
- Fayetteville Estate Planning Lawyers
- Cary Estate Planning Lawyers
- High Point Estate Planning Lawyers
- Wilmington Estate Planning Lawyers
- Asheville Estate Planning Lawyers
- Jacksonville Estate Planning Lawyers
- Gastonia Estate Planning Lawyers
North Dakota Estate Planning Lawyers
- Fargo Estate Planning Lawyers
- Bismarck Estate Planning Lawyers
- Grand Forks Estate Planning Lawyers
- Minot Estate Planning Lawyers
- Mandan Estate Planning Lawyers
- Dickinson Estate Planning Lawyers
- Jamestown Estate Planning Lawyers
- West Fargo Estate Planning Lawyers
- Williston Estate Planning Lawyers
- Wahpeton Estate Planning Lawyers
- Devils Lake Estate Planning Lawyers
- Valley City Estate Planning Lawyers
Ohio Estate Planning Lawyers
- Columbus Estate Planning Lawyers
- Cleveland Estate Planning Lawyers
- Cincinnati Estate Planning Lawyers
- Toledo Estate Planning Lawyers
- Akron Estate Planning Lawyers
- Dayton Estate Planning Lawyers
- Parma Estate Planning Lawyers
- Youngstown Estate Planning Lawyers
- Canton Estate Planning Lawyers
- Lorain Estate Planning Lawyers
- Springfield Estate Planning Lawyers
- Hamilton Estate Planning Lawyers
Oklahoma Estate Planning Lawyers
- Oklahoma City Estate Planning Lawyers
- Tulsa Estate Planning Lawyers
- Norman Estate Planning Lawyers
- Lawton Estate Planning Lawyers
- Broken Arrow Estate Planning Lawyers
- Edmond Estate Planning Lawyers
- Enid Estate Planning Lawyers
- Moore Estate Planning Lawyers
- Stillwater Estate Planning Lawyers
- Muskogee Estate Planning Lawyers
- Bartlesville Estate Planning Lawyers
- Shawnee Estate Planning Lawyers
Oregon Estate Planning Lawyers
- Portland Estate Planning Lawyers
- Eugene Estate Planning Lawyers
- Salem Estate Planning Lawyers
- Gresham Estate Planning Lawyers
- Beaverton Estate Planning Lawyers
- Hillsboro Estate Planning Lawyers
- Medford Estate Planning Lawyers
- Springfield Estate Planning Lawyers
- Bend Estate Planning Lawyers
- Corvallis Estate Planning Lawyers
- Tigard Estate Planning Lawyers
- Albany Estate Planning Lawyers
Pennsylvania Estate Planning Lawyers
- Philadelphia Estate Planning Lawyers
- Pittsburgh Estate Planning Lawyers
- Allentown Estate Planning Lawyers
- Erie Estate Planning Lawyers
- Reading Estate Planning Lawyers
- Scranton Estate Planning Lawyers
- Bethlehem Estate Planning Lawyers
- Bensalem Estate Planning Lawyers
- Lancaster Estate Planning Lawyers
- Levittown Estate Planning Lawyers
- Altoona Estate Planning Lawyers
- Harrisburg Estate Planning Lawyers
Rhode Island Estate Planning Lawyers
- Providence Estate Planning Lawyers
- Warwick Estate Planning Lawyers
- Cranston Estate Planning Lawyers
- Pawtucket Estate Planning Lawyers
- East Providence Estate Planning Lawyers
- Woonsocket Estate Planning Lawyers
- Coventry Estate Planning Lawyers
- North Providence Estate Planning Lawyers
- Cumberland Estate Planning Lawyers
- West Warwick Estate Planning Lawyers
- Johnston Estate Planning Lawyers
- Newport Estate Planning Lawyers
South Carolina Estate Planning Lawyers
- Columbia Estate Planning Lawyers
- Charleston Estate Planning Lawyers
- North Charleston Estate Planning Lawyers
- Greenville Estate Planning Lawyers
- Rock Hill Estate Planning Lawyers
- Mount Pleasant Estate Planning Lawyers
- Spartanburg Estate Planning Lawyers
- Sumter Estate Planning Lawyers
- Hilton Head Island Estate Planning Lawyers
- Florence Estate Planning Lawyers
- Goose Creek Estate Planning Lawyers
- Summerville Estate Planning Lawyers
South Dakota Estate Planning Lawyers
- Sioux Falls Estate Planning Lawyers
- Rapid City Estate Planning Lawyers
- Aberdeen Estate Planning Lawyers
- Watertown Estate Planning Lawyers
- Brookings Estate Planning Lawyers
- Mitchell Estate Planning Lawyers
- Pierre Estate Planning Lawyers
- Yankton Estate Planning Lawyers
- Huron Estate Planning Lawyers
- Vermillion Estate Planning Lawyers
- Spearfish Estate Planning Lawyers
- Madison Estate Planning Lawyers
Tennessee Estate Planning Lawyers
- Memphis Estate Planning Lawyers
- Nashville Estate Planning Lawyers
- Knoxville Estate Planning Lawyers
- Chattanooga Estate Planning Lawyers
- Clarksville Estate Planning Lawyers
- Murfreesboro Estate Planning Lawyers
- Jackson Estate Planning Lawyers
- Johnson City Estate Planning Lawyers
- Kingsport Estate Planning Lawyers
- Franklin Estate Planning Lawyers
- Hendersonville Estate Planning Lawyers
- Bartlett Estate Planning Lawyers
Texas Estate Planning Lawyers
- Houston Estate Planning Lawyers
- Dallas Estate Planning Lawyers
- San Antonio Estate Planning Lawyers
- Austin Estate Planning Lawyers
- El Paso Estate Planning Lawyers
- Fort Worth Estate Planning Lawyers
- Arlington Estate Planning Lawyers
- Corpus Christi Estate Planning Lawyers
- Plano Estate Planning Lawyers
- Garland Estate Planning Lawyers
- Lubbock Estate Planning Lawyers
- Irving Estate Planning Lawyers
Utah Estate Planning Lawyers
- Salt Lake City Estate Planning Lawyers
- Provo Estate Planning Lawyers
- Sandy Estate Planning Lawyers
- Orem Estate Planning Lawyers
- Ogden Estate Planning Lawyers
- West Jordan Estate Planning Lawyers
- Layton Estate Planning Lawyers
- Taylorsville Estate Planning Lawyers
- St. George Estate Planning Lawyers
- Logan Estate Planning Lawyers
- Bountiful Estate Planning Lawyers
- Murray Estate Planning Lawyers
Virginia Estate Planning Lawyers
- Virginia Beach Estate Planning Lawyers
- Norfolk Estate Planning Lawyers
- Chesapeake Estate Planning Lawyers
- Richmond Estate Planning Lawyers
- Arlington Estate Planning Lawyers
- Newport News Estate Planning Lawyers
- Hampton Estate Planning Lawyers
- Alexandria Estate Planning Lawyers
- Portsmouth Estate Planning Lawyers
- Roanoke Estate Planning Lawyers
- Lynchburg Estate Planning Lawyers
- Suffolk Estate Planning Lawyers
Vermont Estate Planning Lawyers
- Burlington Estate Planning Lawyers
- Rutland Estate Planning Lawyers
- Colchester Estate Planning Lawyers
- South Burlington Estate Planning Lawyers
- Bennington Estate Planning Lawyers
- Brattleboro Estate Planning Lawyers
- Barre Estate Planning Lawyers
- Essex Junction Estate Planning Lawyers
- Middlebury Estate Planning Lawyers
- Montpelier Estate Planning Lawyers
- St. Albans Estate Planning Lawyers
- Williston Estate Planning Lawyers
Washington Estate Planning Lawyers
- Seattle Estate Planning Lawyers
- Spokane Estate Planning Lawyers
- Tacoma Estate Planning Lawyers
- Vancouver Estate Planning Lawyers
- Bellevue Estate Planning Lawyers
- Everett Estate Planning Lawyers
- Federal Way Estate Planning Lawyers
- Kent Estate Planning Lawyers
- Yakima Estate Planning Lawyers
- Bellingham Estate Planning Lawyers
- Lakewood Estate Planning Lawyers
- Kennewick Estate Planning Lawyers
Wisconsin Estate Planning Lawyers
- Milwaukee Estate Planning Lawyers
- Madison Estate Planning Lawyers
- Green Bay Estate Planning Lawyers
- Kenosha Estate Planning Lawyers
- Racine Estate Planning Lawyers
- Appleton Estate Planning Lawyers
- Waukesha Estate Planning Lawyers
- Oshkosh Estate Planning Lawyers
- Eau Claire Estate Planning Lawyers
- West Allis Estate Planning Lawyers
- Janesville Estate Planning Lawyers
- La Crosse Estate Planning Lawyers
West Virginia Estate Planning Lawyers
- Charleston Estate Planning Lawyers
- Huntington Estate Planning Lawyers
- Parkersburg Estate Planning Lawyers
- Wheeling Estate Planning Lawyers
- Morgantown Estate Planning Lawyers
- Weirton Estate Planning Lawyers
- Fairmont Estate Planning Lawyers
- Beckley Estate Planning Lawyers
- Clarksburg Estate Planning Lawyers
- Martinsburg Estate Planning Lawyers
- South Charleston Estate Planning Lawyers
- St. Albans Estate Planning Lawyers
Wyoming Estate Planning Lawyers
- Cheyenne Estate Planning Lawyers
- Casper Estate Planning Lawyers
- Laramie Estate Planning Lawyers
- Gillette Estate Planning Lawyers
- Rock Springs Estate Planning Lawyers
- Sheridan Estate Planning Lawyers
- Green River Estate Planning Lawyers
- Evanston Estate Planning Lawyers
- Riverton Estate Planning Lawyers
- Cody Estate Planning Lawyers
- Jackson Estate Planning Lawyers
- Rawlins Estate Planning Lawyers
Drafting a Will
When drafting a will, you should consider your goals: do you want your spouse to be able to live they lifestyle that you were both accustomed to? Or would you prefer that the money go to charity, or be used to fund college education for your children? There are ways you can encourage the people who inherit your assets to use them in the way you intend. For example, you can make gifts in your will conditional on the beneficiary performing certain acts, such as going to college. You cannot, however, use your will to force anyone to do something they don't want to, but you can use money as a motivator.
Another major element of estate planning, which is sometimes overlooked, is the creation of a living will. A living will is a document in which you make known your wishes concerning major healthcare decisions, in case you become incapacitated and therefore unable to make such decisions for yourself. For example, you can state whether or not you wish to be kept alive by artificial means, if there is not reasonable chance at recovery.
Without a living will, family members often have to guess what their loved one would want. Sometimes, there will even be disagreement between family members over the proper course of action, and such fights can tear families apart. With a living will, your loved ones will be sure that they are carrying out your wishes, even if you are unable to express them.
Obviously, there are many more factors that must be considered during the estate planning process, and the information above provides only a few examples. If you are unclear about what estate planning options are best for you, you should speak with an experienced estate planning attorney.