Overview
Estate planning ensures your wealth, property, and wishes are handled properly after death or incapacity.
Tools:
- Wills & trusts
- Powers of attorney
- Beneficiary designations
- Estate tax planning
Comparison: Will vs. Trust
- Will: Simpler, must go through probate
- Trust: Avoids probate, more control, privacy benefits
Guide: Steps to Start Estate Planning
Take inventory of assets
Choose guardians for dependents
Create will or trust
Update beneficiaries regularly
Consult estate attorney for complex situations
Trends in 2025
- More online estate planning platforms (LegalZoom, Trust & Will)
- Rising interest in digital asset planning (crypto, online accounts)
- Increased focus on intergenerational wealth transfer