Helping Federal Employees and Annuitants Understand Their Benefits
Federal employees will find that estate planning is not as daunting a task as many lawyers make it out to be. Most federal retirees can prepare their own basic estate plans using our free comprehensive Estate Planning Guide and the resources that we reference. The vast majority of estates are worth far less than the current federal estate tax threshold of $13,610,000!
Estate
Planning Guide - An 11 part series( step-by-step guide)
Estate Plan Bundle on LegalZoom
Living Trust Estate Planning on LegalZoom
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and a FREE retirement planning report
Your personal estate is very simply “your property” – all that you own – at its current market value. The planning that is required does not require you to be a mathematical wiz or rocket scientist – anyone with average intelligence can plan their estate – even without an attorney. The key is to have the proper references to help you through the process. I suggest using NOLO's book titled Plan Your Estate, a step-by-step guide, that is included in Nolo's Executor's Bundle to help you through the process.
I originally used Quicken WillMaker Plus
software and estate planning guides to complete my wills, trusts, health directives and powers of
attorney. Since then I hired an attorney to update our estate plans.
You can also use the
Estate Plan Bundle on LegalZoom
to complete your will and directives or their
Living Trust Estate Planning on LegalZoom
to complete a trust, pour-over will, and directives.
This packages are good for most wills and trusts if you don't have complex estate planning issues to contend with.
Living Trust Estate Planning on LegalZoom
NOTE: Some situations require legal help such as providing long-term care for disabled children. LegalZoom does have the option for an attorney's review and time to discuss your situation one on one with an attorney for a set period of time.
If your estate will be subject to estate taxes and/or you own a business you may wish to consult with a professional. It is wise to review your plan with your attorney in these situations and they can often add additional insight into your particular needs and wishes. The key here is that you will have done much of the leg work up front and your attorney fees should be considerable less if you go through this process
The planning that we propose is useful for estates of any size, from modest to those who were fortunate enough to accumulate estates worth millions. This is especially true for probate avoidance techniques. The guidance offered here will help you avoid probate and understand estate planning basics.
There is no one-size-fits-all prepackaged estate plan, everyone’s plan is unique and personal. Going through this process will provide you with a much better understating of your true net worth, your personal desires, and estate planning vision. Estate planning pays big dividends up front that at first glance seem transparent. By going through this process you will know who will inherit, what they will receive, where all of your assets are now, your total net worth, and it will help you focus on consolidating and simplifying your estate so that you can start to better manager your assets TODAY. This was a real eye opener for me when I went through this process.
Start your personal Estate Planning Guide, an 11 part series NOW.
This site along with the recommended books and software will help you address your concerns including:
Understanding wills and revocable trusts
Probate avoidance techniques
Compiling asset lists and important insurance and medical data
Evaluating your retirement living expenses
Calculating your pre and post retirement total income