How to Use Estate Planning for Smaller Estates
Submitted by JMB Financial Managers on April 27th, 2021
What is an Estate Plan?
The word estate is most commonly associated with great wealth, but the truth is, that everyone has an estate. Everything you own, from your car and bank accounts to real estate and retirement accounts, encompasses your possessions. An estate plan is simply creating a legal document that puts your financial affairs in good order for the specific needs of the individuals and organizations you wish to receive your possessions once you’ve passed away.