What is an “estate”? I can’t tell you how often people are unsure what makes up their current estate or what could make up their estate in the future with a bit of financial planning.
Here’s what you need to know:
Your estate is the net worth of all of your assets after debts are paid.
But what is an asset?
Basically, your estate is made up of any property titled in your name, as well as any personal property and financial accounts you own.
After last expenses and debts are paid, the total value remaining is your estate.
Whether your estate includes one or all of the assets listed above, you can benefit from a comprehensive estate plan that will grow with you as you grow your wealth. What is included in a comprehensive estate plan? Check back for my next blog post!
Disclaimer: The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship. Brittany Britton is licensed to practice law in the state of California only.