Get on the Planning Train

You need an estate plan. Getting a document or a magic bullet technique will not solve your problems. There are no estate planning magic bullets. You need to evaluate your circumstances, your goals, and then develop a plan that accomplishes your goals. You need to consider asset protection, divorce protection, planning for aging and other factors to arrive at a plan. Consider when an asset protection trust, prenuptial agreement, revocable trust and more. Consider disability, life and long term care insurance as appropriate for your situation. Be certain to have an investment and insurance plan so you can reach retirement as well as estate planning goals. Take practical steps like writing a letter of instruction. Even if estate tax is not an issue today, might it be in the future. Tax laws change frequently and the future is uncertain. So, flexible long term planning can be an approach to consider. Be certain to have business entities organized and operated properly to protect personal assets.