Estate planning is often associated with the division of your assets, and this is certainly a key component. It’s typically accomplished, for the most part, by drafting a will, which is the foundation of an estate plan. With a valid will, you determine who gets what. It can cover everything from the securities in your portfolio to personal property, such as cars, artwork or other family heirlooms. In contrast, if you die without a will (referred to as dying “intestate”), state law will control the disposition of your assets. This may result in unintended consequences. Contact us with any questions. Visit our website for more information! www.mjscpa.com/news/
