Estate Planning

An Estate Plan is a legal document that illustrates, in detail, your wishes should you die without giving out all of your money and assets in exactly the way you planned.

Really, an Estate Plan is essential to any retirement plan - especially for married couples or families with children. Why, because when a family skips the Estate Planning portion of their plan, they lose out on the chance to reduce or totally avoid estate taxes. Each taxpayer is entitled to pass on assets worth up to $1.5 million federal estate tax free. That's a big deal. And if you don't have a polished Estate Plan in place, the IRS will come in and divide up your money for you...most of it going to them.

Of course, there are a lot more ways to use an Estate Plan in your favor. We have quite a few articles on the subject for you to read. Or contact   Myatt & Bell, PC   in Oregon or the law offices of  Price and Farrington  in the Seattle area for some expert help in planning for the future.