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Overview: Estate Planning Introduction to Estate Planning Video Simple first steps in planning for the inevitable. LAUNCH VIDEO [1.7 MB] >> Any discussion of financial planning would not be complete without mentioning estate planning. Estate planning is a logical step in the ongoing process of life planning. Estate planning helps us plan for our wealth distribution after our death. Statistics show that most Americans ignore estate planning and often leave critical and very personal decisions to the state by failing to have even a simple will. Estate planning includes the following: Distribution planning Tax planning Gifting Charitable giving Wills and trusts Disability planning Probate Should you be concerned? A careful, individualized estate plan will usually resolve any issues related to distribution of your assets after your death. Estate planning is a legal process that requires the expertise of an estate planning attorney. With proper estate planning, you may be able to eliminate problems related to the ever-changing tax code and complications of probate. A well-constructed estate plan can also address issues involving disability planning while we are still living. Durable powers of attorney for financial matters and healthcare decisions can help avoid guardianship or conservatorship and painful decisions on our behalf that are forced upon our families. Another compelling reason to create an estate plan is to resolve any control issues and help simplify matters for those we leave behind. If we add to this mix any special circumstances, such as second marriages or special needs children, the need for comprehensive estate planning is even more important. We can only “scratch the surface” of this critical issue here. Remember that professional analysis and consultation is a must, and proper estate planning is for everyone! This completes the condensed Financial Planning Module! As you have time, feel free to navigate through the site for our more comprehensive Financial Planning Courses. Also, use our Quick Reports for help in reaching your financial goals. The information on this Web site is general in nature and may be subject to change. Neither VALIC nor its agents give legal or tax advice. Applicable laws and regulations are complex and subject to change. For legal or tax advice concerning your situation, consult your attorney or professional tax advisor. < BACK #40131