Estate Planning

Estate planning can be as simple as implementing a will (the cornerstone of any estate plan) and purchasing life insurance, or as complicated as executing trusts and exploring other sophisticated tax and estate planning techniques. Therefore, estate planning is important whether you are wealthy or whether you have only a small estate. In fact, estate planning may be more important if you have a smaller estate because final expenses will have a greater impact on your estate. Wasting even a single asset may cause your loved ones to suffer from lack of financial resources.

You may also want to plan your estate if you have special circumstances such as any of the following:

  • You have minor children or children with special needs
  • Your spouse is uncomfortable with or incapable of handling financial matters
  • You have property in more than one state
  • You have special property, such as artwork or collectibles

Pagano Financial does not provide legal or tax advice. You should consult a legal or tax professional regarding your individual situation.

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