GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.

These brands compensate us to advertise their products in ads across our site.

This compensation may impact how and where products appear on this site.

11220, Horizontal, peoplel

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.

you might read more about oureditorial guidelinesand our products and servicesreview methodology.

Here are nine keyreasons why estate planning is important.

facebook sharing button

This person oversees the minors needs until they reach the legal age of 18.

Reducing Taxes

Althoughdeath and taxesare both unavoidable, the latter can certainly be reduced.

Estate planning can help minimize the taxes your estate may owe, leaving more for your heirs.

twitter sharing button

This can give you peace of mind that your wishes for the business you built are being upheld.

Your estate plan becomes a vital piece of knowing your wishes even before you die.

you’ve got the option to also maximize your charitable contributions and provide for charities after your death.

linkedin sharing button

Charitable gifts often offer tax deductions not available to other gifts.

Here is some of the paperwork you should start organizing when headed to yourestate planning attorneys office.

More From GOBankingRates

Share This Article:

The Latest inMoney

email sharing button