Essential to estate planning is transferring assets to heirs with an eye toward creating the smallest possible tax burden for them. Even with just a little bit of estate planning, couples can reduce much or even all of their federal and state estate taxes and state inheritance taxes, which can get very pricey.
If you want to start your estate planning and you are new to it then the first you may be considering drafting a will. Every adult should have a will. However, a will and estate planning are not the same things. While they generally go hand-and-hand, a will is just a small part of the estate planning process. For most people, a well-prepared estate planning involves much more than just writing a will.
You are never too young to begin planning your estate. Contact one of our trusted lawyers today to learn how to begin planning your estate.