By J. Kimberly Cantwell, Modern Woodmen of America
Each of Laura’s siblings thought they knew their mother’s final wishes. However, when she became ill they couldn’t agree on her care. When she passed away, they struggled to divide what she left behind.
Like her mother, Laura doesn’t consider herself wealthy. Creating an estate plan seemed unnecessary. After being at odds with her siblings and paying a large portion of her inheritance in taxes, however, Laura’s reconsidering.
Your estate includes your car, home, bank accounts, investments, life insurance and personal belongings. Your estate plan determines how, when and to whom your assets will be distributed after your death.
To read more, pick up a copy of the September/October issue of LiveIt magazine.