Estate Planning & Living Trusts
3. Why do estate planning?
Most people do estate planning because they want to control who will receive their assets after they die, and they want this to happen with the least amount going to legal fees and taxes.
But estate planning is not just about what happens after you die. A good estate plan will also protect you at incapacity. It will let you -- not the courts -- keep control of your assets and control of decisions about your medical care when you can no longer handle your own affairs.
So, who needs to do estate planning?