Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Estate Planning and other Retirement topics.
By and large, if you are under age 50 and don't expect to leave assets valuable enough to require estate tax planning, you can probably get by with only a basic will. But as you grow older and acquire more property, you may want to engage in more sophisticated estate planning. Solid financial and estate planning and will estate planning can be done on one's own, but it's probably better to play it safe. Still, you can find plenty of internet resources where you can find an estate planning checklist to get you started.
|Jennifer Mathes, Ph.D.|