What Is Estate Planning?

1
What is Estate Planning?
The Importance of this Process
2
Estate Planning Definition
3
The act of making plans and creating a strategy
for the transfer of your estate, upon your death,
to ensure that your assets are transferred to the
appropriate party
4
What your Estate Includes
5
This is different from one person to the next
6
Your estate includes all the property you own at
the time of your death, such as
7
(No Transcript)
8
Estate Planning Goals
9
Regardless of the value of your assets or who you
have named as your beneficiary, there are several
common objectives
10
Regardless of the value of your assets or who you
have named as your beneficiary, there are several
common objectives
1
Make sure your estate is transferred to the
appropriate beneficiary (or beneficiaries)
11
Regardless of the value of your assets or who you
have named as your beneficiary, there are several
common objectives
1
Make sure your estate is transferred to the
appropriate beneficiary (or beneficiaries)
2
Reduce the amount of tax paid
12
Regardless of the value of your assets or who you
have named as your beneficiary, there are several
common objectives
1
Make sure your estate is transferred to the
appropriate beneficiary (or beneficiaries)
2
Reduce the amount of tax paid
3
Ensure the well being of your child (or children)
by choosing the appropriate guardian
13
What is a Will?
14

A legal document that provides detailed
information regarding what will happen to your
property after your death
15
What is a Trust?
16
When you entrust your property to a person or
organization, they are given the responsibility
of managing your assets on behalf of the
beneficiary
17
What is Power of Attorney?
18
This gives a person the authority to act for
another person regarding some or all legal or
financial matters
19
Getting Started is Essential
20
Learning more about the estate planning process
is critical
21
However, it is more important to take things to
the next level as soon as possible
22
Once your estate planning is completed, you will
feel much better about what will happen to your
assets after your death
23
Hire an Attorney
24
To ensure that every detail is taken care of, it
is best to hire an attorney with estate planning
experience
25
This person can answer your questions, provide
advice, and most importantly, ensure that
everything is 100 percent legal
26
Dont be Shy about making Changes
27
Even after you have hired an attorney to help you
create a will (or take care of any other estate
planning details), you can make changes as you
see fit
28
For example, it is within your right to change
your beneficiary or alter your power of attorney
document
29
Learn More about Estate Planning in Bellevue
Washington
Learn More about Estate Planning in Bellevue
Washington
30
Stephen M. Waltar, PS
www.waltar.com
[phone]