About Estate Planning
Estate planning is one of the widest subjects within the larger topic of personal finance. The most basic tools of estate planners are trusts and wills, both of which can be complex legal topics in their own right. Financial planners and accountants often speak of the two together because the two are often used alongside one another for special purposes.
It’s helpful to begin with the basic definition of each instrument. After that, we’ll take a look at the revocable and irrevocable trust. There are many other kinds and nearly endless variations and combinations that financial planners use.