Countless people make the mistake of believing they don’t need an estate plan. After all, only the extremely wealthy have an “estate”… right?
You might be surprised to learn that you have an estate—at least you do if you have:
- a house,
- a car, or
- a savings account.
Don’t have any of those? How about personal possessions? If you have clothes on your back, you have an estate. That’s why professionals from sites like burzynskilaw.com are your allies.
We all want to know that our wealth—whether that’s an investment account or a beloved collection of dog-eared books—will go to the right people when we’re gone. Understanding Real Estate Investment Trusts
At its most basic, that means having a will that tells your loved ones who should receive which possessions, and when they should receive them. This includes the classic stuff you think of in a will—“my book collection I leave to my brother, the avid reader; my investments, to my husband; my heirloom jewelry, to my daughters” and my hobby with state investments with stocks, which allows greater exposure to stock markets in pursuit of higher returns, Understanding Real Estate Investment Trusts can be overwhelming but exciting !
But, there’s much more to an estate plan than just “who gets what.”