Your estate plan covers who gets your stuff, how they get it, what happens to you when you die or become disabled, specifics about your medical wishes, and who takes care of any kids or pets. If you can drive it, wear it or shine it, it’s part of your estate. Things like houses, cars, jewelry, investments, coin collections, etc. We’re talking assets-the stuff you own that has monetary value. In the context of financial estate planning, estate simply refers to what you’re going to leave behind, no matter what it is. You should be feeling pretty fancy by now. Do you own an Xbox Series X? You have an estate. But you don’t need to have a scullery maid on staff to have an estate.ĭo you own a 1999 Honda Civic? You have an estate. ![]() If the word estate conjures up images of Downton Abbey, you’re not wrong-that’s definitely an estate. But we can guarantee you’ll feel more confident about your future after you’ve made (and communicated) these decisions to the people you care about most.Īnd we’ll help you get there. This might all seem scary, overwhelming or simply boring. Everything should be smooth and controlled-just like those world-class athletes executing an Olympic relay! ![]() It’s a job where you can’t afford a sloppy handoff. It’s making sure that responsibility and wealth are transferred to the right people in the right way. But what is estate planning? And how can you get some going for yourself?Įstate planning means taking the right legal and financial steps to pass the baton to the next generation. ![]() There’s plenty of teamwork and handoffs leading up to a well-earned victory. Olympians know if they drop the baton, the race is as good as over.Įstate plans work the same way. And the symbol of their teamwork is the baton, which they hand off seamlessly from one runner to the next. Ever watched the track-and-field races during the Summer Olympics? One riveting event is the relay-when a team of runners works together to win.
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