First Business Bank | Resources
February 17th, 2021
Estate planning is more than simply planning for the passing of assets at your death. Proper planning also helps you manage and preserve your assets while you are alive.
How you wish your assets to be handled develops over time. Your estate plan is never really “finished” because your planning needs change depending on your age, family status, health, wealth, lifestyle, life stage, goals, and many other factors.
Because the process can be somewhat complex and everyone’s situation is unique, please consult professionals, particularly an estate planning lawyer and trust expert, about your specific situation.
To help you better understand what estate planning might mean for you, we have put together some estate planning guidance for people in different stages of life.
Reviewing your estate plan will give you peace of mind and may alert you to any other potential changes that might be necessary. Although there’s no firm rule about how often you should review your estate plan, you should conduct a review whenever a major life event occurs or at least every five years.
First Business Financial Services, Inc
No matter your life stage, you should seek the counsel of an experienced estate planning professional, as well as your legal, financial, and tax advisors, to make sure that your strategies are aligned with your goals.
