What You Should Know About Estate Planning

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When you are ready to create an estate plan, it needs to include all your assets—at least the items and property with considerable value. Your planning should include a careful evaluation of what your spouse and children will need in the event of your passing. The best estate plan will take several documents to cover various needs and provide protection for your assets against creditors and possible legal challenges.

Here is a look at the documents you should know about and why you need them.

Making Your Estate-Planning Documents

Before making the documents needed for your estate plan, you should get the advice of an estate-planning attorney. It is especially important if you have considerable assets. Something as simple as incorrect wording in your documents could prevent your intentions from being carried out.