If you have substantial assets,

Your contributions leave a lasting monument

A well planned estate may be the best gift you leave your children. Without one, you can’t be sure that your estate will go to the people and charities you’d choose.

Furthermore, unless you’ve protected your assets from the impact of estate taxes, much of your estate will never pass to your heirs because of estate taxes. Estate taxes alone in some cases can consume a large portion or of your estate.

Estate planning can be a difficult process for some people. The earlier you begin planning your estate, the more options you will have available. While you prepare your own estate plan, why not discuss the same with your parents or grown children?

…However whatever you do. Don’t delay