Your estate is everything you own whether it is owned in just your name or with somebody else. It is all of your stuff. Everything you own, wherever it is, and whoever you own it with. This includes your real estate, money, accounts, jewelry, clothes, pets, cars, and much more.
Your estate is everything you own:
- Money
- Life Insurance
- Home, real estate
- Business
- Personal Property, collections, cars, tools, pets, etc.
Traditional estate planning has often just planned for your finances – your cash and investment accounts, your life insurance policies, your home, and all of your personal property.
Proper planning not only plans for your financial well being but also your personal legacy and the financial well being of your heirs.
Your estate should include:
- Your Values
- Your Family
- Your Legacy
Planning for your estate should focus on your family, your values, and your legacy.
But, you need to think beyond just what you own.
You can think of your “extended” estate as your choices, decisions, wishes, desires, and rights. That is, your fundamental rights.
Rights? What fundamental rights? The right to make your own decisions. To make your medical, financial, and legal decisions. Your freedom of choice.
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