What is Estate Planning?

In simple terms, Estate Planning is the process by which you execute the documents needed to ensure that your desired beneficiaries receive your assets upon your death (and also to make sure that your assets are properly taken care of prior to death, but while you are incapacitated).  This can be accomplished in a variety of ways and through a combination of different documents (which documents are ultimately used depends on the circumstances involved). The most common elements of Estate Planning are documents such as Wills, Revocable Living Trusts, Financial Power of Attorneys, HealthCare Powers of Attorney, and Charitable Trusts, as well as titling/beneficiary instruments (i.e. jointly owned real estate, payable on death bank accounts, the beneficiary designations of a retirement account, etc.).

About Jesse Coyle

Jesse T. Coyle's Profile Image
Mr. Jesse T. Coyle is a licensed attorney in both North Carolina and Illinois, as well as a Certified Financial Planner™. Jesse has dedicated his career to helping all families navigate the complicated waters of estate planning and probate matters. Jesse and the members of Carolina Tax, Trusts & Estates are available for your call and would be pleased to assist you.

Read More About Jesse