Creating a Good Estate Plan
1. Calculate Your Net Worth The very first step in building a good estate plan is to determine your net worth. It's relatively easy to make a quick calculation of your net worth by adding up rough estimates of the values of all of your assets - including bank and investment accounts, personal property (jewellery, collectibles, cars, boats), pension plans, death benefit of life insurance, business interests, monies owed to you, oil and mineral rights, stocks and shares, bonds and real estate. Once you have added all of your assets you will then need to subtract the total all of your liabilities including credit card debt, car finance, other personal loans, and mortgages. Once you have calculated your net worth you will need to figure out how much inheritance tax you will be subjected to. Read More: http://bit.ly/2K7A7gj