Estate planning is putting together a plan that lays out which individuals or organizations will inherit your assets after your passing. It also includes your instruction for the management of your assets and care should you become unable to make medical or financial decisions for yourself during your lifetime.
If you do not have an estate plan, state law will decide what happens to your assets, dependents, and in some cases who manages and cares for you.
The assets in your estate plan may include checking and savings accounts, real estate, investment accounts, stocks, bonds, mutual funds, retirement accounts, digital currency, business ownership interests, life insurance, jewelry, automobiles, family heirlooms, art, collectibles, antiques and other personal belongings.
