Estate planning is often viewed as a process that is undertaken by those who want to pass wealth to their family members. So, this begs the question what one does when he or she doesn't have an immediate family. Should such an individual forego estate planning altogether? The answer is no, and here's why.
In the age of social media and readily available information about people's lives, many are placing a new value on privacy. Keeping your personal information away from the eyes of the public is priceless. Many estate planners have this as one of their top priorities when they start to think about their estate planning strategies.
In late December, we discussed the importance of estate planning after becoming a parent.