Determining Your Estate Planning Needs
Your age, health, wealth, lifestyle, life stage, goals, and many other factors determine your estate planning needs. For example, you may have a small estate and may be concerned only that certain people receive things. A simple will is probably all you’ll need. Or, you may have a large estate, and minimizing any potential estate tax impact is your foremost goal. Here, you’ll need to use more sophisticated techniques in your estate plan, such as a trust.