Click to Print

Thought About Estate Planning? You Should...

Find out if you really need to and what steps you should take to start a plan.
May 29, 2001
URL: http://www.entrepreneur.com/article/40560

A recent survey from Prudential Insurance Co. of America demonstrates the apparent notion that families whose incomes fall in the middle categories don't see the need for estate planning. Many individuals who don't consider themselves wealthy would be surprised at the total of their accumulated assets. Here's a quick exercise that can illustrate the need for estate planning:

If this totals $675,000 or more right now, there is a serious risk of estate tax liability. However, there are simple steps an individual or couple can take to protect their assets with a well-thought out estate plan.

For every family, there is a short list of steps that will help protect the family and provide peace of mind.