Start Early
Estate planning should actually begin during the early stages of wage earning and acquiring assets. By planning early you can protect possessions you have acquired, invest for continual financial gain, reduce your tax burden, and provide financial stability for your retirement.
Your Real Estate
Your real estate is one of your most valuable assets. Buying real estate is not always cut-and-dry. Things you should know before buying are title issues, purchase contracts, disclosures, land use and zoning laws, closing documents, neighborhoods, boundaries, and more.
Avoid Probate
Planning for the eventual or sudden death of a loved one or yourself is not always pleasant. If you have built up a substantial estate portfolio, you should consider protecting your estate to prevent family quarrels, minimize estate taxes, and prevent your estate from probate.