People often think planned giving is only for the rich.
It is especially important for those with large investment portfolios, but it's also a helpful tool for anyone with taxable assets. Planned giving, or estate planning, helps you determine the most appropriate ways to address your heirs' important needs while still reflecting your personal wishes. Many people underestimate their assets and assume that there's no need to do estate planning. Perhaps they think they don't have enough to be taxed, anyway. However, a person's worldly possessions include not just money, stocks and bonds.