Why is estate planning important?

Estate planning

Who

  • Age 65 and over
  • Increased net worth
  • No longer working or working part time

Priorities

  • Mortgage is paid off
  • Little to no debt
  • Staying on budget
  • Living off savings
  • Reducing income tax
  • Taking care of the “what-ifs?”
  • Long term care
  • Premature death
  • Make a will
  • Consider powers of attorneys
  • Making sure health insurance is adequate
  • Estate planning