What is Estate Planning?
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What is Estate Planning?

estate planning concept on blackboard

 

Estate Planning is simply the process of making it clearly known how you want your estate to be handled after you pass or if you’re incapacitated and unable to handle things on your own. The most common Estate Planning definition is — "the process of making plans for the management and transfer of your estate after your death, using a Will, Trust, insurance policies and/or other devices." Estate Planning has been around for many years, but it’s becoming increasingly more and more common.

There are many parts of Estate Planning, but the first thing you must do is conduct a comprehensive review of your estate assets. Your estate is made up of all the property you own, including cars, jewelry, houses, investments, land, and more.

To support your estate planning needs, East County Schools Federal Credit Union has partnered with Trust & Will to bring you an easy, affordable, and secure way to create an estate plan. Trust & Will, the leading online estate planning platform, has helped over half a million families in securing their legacies. As a valued member, you are eligible to receive a 20% discount on any estate plan with Trust & Will. Click here to learn more.

Members LoveECSFCU!

  • Grant Nelson 2019

    While overseas I found myself in the frightening situation of being out of cash and with two debit cards from other financial institutions that weren’t working, despite my travel notice pre-planning. ECSFCU’s amazing member services team stayed late on a Friday to approve and immediately fund a quick loan that made the rest of our trip wonderful. Nobody else does that! Not only is it something that I will never forget, but it’s something I want to tell everyone about.

    Grant Nelson - Retired La Mesa Spring Valley Schools 8th Grade History Teacher