Why you need an estate plan | Vanguard

Estate Planning stops heirs from overpaying taxes. Protect your loved ones by creating a solid estate plan.

You may be a do-it-yourselfer when it comes to other aspects of your financial life, but estate planning is one area where it’s smart to get professional help. Among other things, the process can entail preparing a will, creating trusts, naming beneficiaries for insurance policies and retirement accounts, and selecting guardians for minor children. In addition, some families need to plan to minimize estate taxes.

Source: Why you need an estate plan | Vanguard