If you don’t have a good estate plan, Uncle Sam, your state treasurer or an attorney may be the happiest beneficiaries when you die. Estate planning and trusts are ways of your family avoiding unnecessary taxation and high payments to an attorney that can erode your estate. Proper estate planning doesn’t have to cost a fortune and it puts you in control of the division of assets. It gives you control from the grave on the disposition of your items besides saving dollars that you want to go to your family.
Cognos Network — Blog — The Necessity of Estate Planning and Trusts