What Is Estate Planning?

VIDEO TRANSCRIPTION – What is estate planning and how does it benefit you? As we talk to our clients about tax strategy, the extra strategy comes up as well. Extra strategy, for example, estate planning. We explain to our clients what estate planning is and I’m gonna do this in front of you right now. 

Hi, I’m Steven D. Cooper, also known as Coach Coop with Coopers Accounting Service because your financial freedom matters. If you’d like to learn more great tax tips, download our popular financial guide at our website, yourfinancialfreedommatters.com or click on the link below.

First, let us define estate planning. It is the process of arranging for management and disposal of a person’s estate during their life in case of incapacity or it involves creating legal docs such as Will, Trust, Power of Attorney and or a Medical Power of Attorney. Remember, a Medical Power of Attorney is only valid while the person is still alive. Now, how does this benefit you?

It allows you to bequeath and honor your final wishes from a legal perspective. This means the state nor federal governments get involved for tax purposes. We all want to avoid that during that time. For more easy financial tips, sign up for our financial newsletter by going to yourfinancialfreedommatters.com or click on the link below.

You can also download our financial guide as well.  Well again, I’m Steven D. Cooper also known as coach Coop with Coopers accounting service. Don’t miss our great next video, another great financial tip definitely you need to know.

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