Estate planning is recommended for the young professional as well as the retiree.
When it comes right down to it, no one dies without a will. If a person dies without
leaving a will behind, state laws determine the disposition of the deceased’s estate,
which may be a far cry from the deceased’s wishes. Most importantly, if the deceased
has dependent children, the state may determine who will care for them.
Wise gift planning can help ensure that more of your assets are available to meet
your objectives. For example, if you need a tax deduction now and want to supplement
your retirement income for the future, a deferred charitable gift annuity can be an effective method to accomplish these dual objectives.