Does Your Estate Plan Call for More Than Just a Will?

Estate planning is not a one-size-fits-all proposition. The strategies used by young couples just starting their careers and families will not work for seniors with significant assets and multiple generations to consider. How individuals approach these decisions must be governed by their unique circumstances, as well as their ultimate goals.

Regardless of income, assets, or family circumstances, everyone wants to minimize taxes and ensure a smooth transfer of assets when the time comes to distribute their estates. These are the top strategies I recommend people consider when making estate plans.

 1. Revocable trusts

Everybody needs a will. Wills let others know how you want your property to be distributed after your death. They ensure that your minor children will be cared for by the