Estate

During a persons working years they move slowly and steadily toward building their estate. As the children leave home they build faster and when they pay off their home the move is faster yet. At retirement the game changes but many are not aware of the next step. When first retired the expenses are less than when working and as time passes expenses decline even further. The result is that it is time to begin the process of passing on your estate to your heirs. To do this properly requires time and often people wait too long and lose the ability to plan. Many just pass on assets when they die but they could have done so and enjoyed the feeling of helping. A down payment on a house for a grandchild can be more satisfying than leaving a $10,000 in a will. Often times money is spent on nursing home care that could have been transferred to children but not without time and planning.