Navigating the Maze of Estate Planning: A Look at Common Types
You've probably heard the term "estate planning" tossed around a lot. It might sound like something only millionaires need to worry about, but that's not the case. Anyone who owns anything — a home, a car, investments, even a pet — has an estate. And planning how to manage it is essential. Here's a rundown of some common types of estate planning.
Wills: The Basics of Estate Planning
A will is the cornerstone of any estate plan.