Posts tagged "asset distribution"

Guidelines for planning your estate

It is astonishing that although most American adults contemplate creating an estate plan, a recent survey concluded that only 44 percent have actually acted upon it. Unplanned estates may be subject to unnecessary probate litigation and may be divided according to state laws and not according to the wishes of the deceased. Planning an estate is absolutely crucial to ensuring desirable asset distribution. Several mechanisms, for instance, living trusts and financial and health care powers of attorney, are indispensable in estate planning.