In simple terms planning your estate involves both planning for mental disability and planning for death.
The first step in assessing your need for an estate plan is to determine your net worth. Here is a basic guide to calculating your net worth.
“How do I know if I need an estate plan?” Aside from taking a look at your family matters, you will also need to review your finances in order to assess your need for an estate plan.
A fiduciary is a person or institution given the power to act on behalf of another in situations that require great trust, honesty and loyalty. When it comes to estate planning, you will be selecting a variety of fiduciaries to act on your behalf.