17. What does “estate planning” include?
Estate planning involves organizing your assets and property to be handled correctly when you die. It includes a will, trusts, property and gift designations, you will have to designate beneficiaries and give power of attorney.
18. Do I need to hire an attorney for my estate planning?
Estate planning involves several legal complexities, so it may be helpful to hire an attorney to handle all the different aspects of your estate. You are not legally obligated to hire an attorney, but it would definitely help you along the way.
19. Who benefits from my life insurance policy?
Life insurance policies have different purposes and end results. You can choose dependents or beneficiaries who will get assistance if or when you die. You are in charge of naming these beneficiaries, so you determine who gets to benefits from your life insurance policy.