When Aretha Franklin passed away last August, it appeared that she had no estate plan -- despite the fact that she had significant assets, including her music catalog and memorabilia, which are likely worth millions of dollars. She is survived by four sons as well as grandchildren and other family members.
Do you have goals for your estate plan? It's different for everyone, but figuring out your goals is a great place to start. When you know what you want that estate plan to do, you can start working with that in mind, and you can learn about all of the options that will get you to that desired outcome.
The future brings about uncertainty. Though you may be healthy and active now, there’s always the chance of falling ill unexpectedly. According to studies, about seven in 10 Americans will experience a time in their lives in which they won’t be able to make decisions for themselves.