Estate Plan And A Wealth Transfer Plan Differences

Unfortunately, only about 45% of adult Americans have estate-planning documents. Generally as one accumulates more assets as well as gets older, the probability of having estate-planning documents increases. When you die without a will or trust, the State where you reside has laws that determine to whom your assets will go. This may or may not be what you want. But since you did not have your wishes recorded properly, you do not get a choice.

 Read more: http://www.forbes.com/sites/feeonlyplanner/2016/07/18/the-difference-between-having-an-estate-plan-and-a-wealth-transfer-plan