The Importance of Estate Planning and Determining Your Net Worth

Many people spend more time planning their vacations than planning their estates. This is probably because the vacation will happen sooner and because it's much more fun to plan. However, estate planning is much more important but requires more time and effort. Without a comprehensive estate plan, a significant part of the work you've done throughout your life, both at your job and with your investments, can be lost or given to unintended beneficiaries.
[view entire article]

Understanding Wills and Trusts

Wills and Living Trusts Wills and living trusts perform almost the same function: specifying who gets each of your assets when you die. Just about everyone will benefit by having one or the other. If you have neither when you die, your assets will be distributed to your family according to the laws of the state you live in, which quite possibly won't be the way you want them divided up. That distribution would be performed without regard to each beneficiary's financial situation or ability to manage the assets. Furthermore, if the state can't find your relatives, the assets could end up going straight to the government. Additionally, if you have children, you'll want a will, because that's the only legal way to transfer guardianship of minors.  (more)

This content is provided by www.InvestorGuide.com
Copyright(c)1997-2007 by WebFinance Inc. All Rights Reserved.