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 Estate Planning & Financial Planning One area in which achieving goals in your financial planning, may create gift and estate tax problems, as well as probate issues. Living Trusts are legal instruments that may help you better plan for retirement income and the eventual distribution of your estate in the event of your death. These are particularly important to consider for total asset values of over $ 250,000, and especially once your reach the estate tax threshold of $ 600,000, or $ 1.2 million if you are married. The Family Health-Legal Library provides a complete analysis of background information in this area, and your Plan Attorney can be of major assistance in making an objective determination of your needs for estate planning. All of these resources are available through the legal part of this program, by calling the Legal Hotline [1-800-562-2929]. Also, life insurance in the proper amounts may be an effective estate planning tool to pay for tax burdens, and this expense ought to be considered in the expense side of your equation when you are calculating your financial plan.
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