Thoughtful estate and gift tax planning helps you preserve your wealth and pass it on to your designated beneficiaries in the manner you choose. In this section, we discuss the various estate and gift tax planning options to help you make an educated assessment of which ones are best for you and your family.
Proper estate and gift tax planning evolves over time to reflect your changing goals and circumstances
There are many potential objectives, both financial and nonfinancial, to consider in the estate planning process. Those objectives—and the priority you give them—are likely to change over time. For that reason, it’s wise to review your estate plan periodically to make ensure that it evolves as your goals and circumstances do. Although each person’s situation is unique, most people are best served if they follow a four-step process in their estate planning:
Though careful estate planning can be a complex undertaking, it delivers clear rewards—peace of mind for you now and security for your family down the line. By establishing a well-considered and comprehensive plan today, and updating it as needed, you’ll help ensure that your wealth and your vision for it survive well into the future.