From our “Ask a Question” Mailbag: What is included in my estate?

Recently updated on June 26, 2018.

In estate planning, “my estate” can mean different things. Assets that will pass through a will at your death are included in your probate estate. In contrast, assets in your revocable living trust, your IRAs, assets held jointly with a right of survivorship, and all of your payable on death accounts are not part of your Probate Estate.

When working with your Chester County estate planning attorney, you will examine all of your assets, both the probate estate and the taxable estate, to develop a plan to address your goals. You will also talk about your liabilities and your family’s unique situation. All these factors will allow your estate-planning attorney to suggest methods to meet your goals, reduce or avoid inheritance, estate and capital gains taxes, and provide protection for your heirs.

More Planning Questions?

The estate is only a piece of the Estate Planning process. By all means, if you want to learn more, please read my more detailed article, Estate Planning Everything You Need to Know.

In Conclusion: My Estate

I hope that this article was helpful in explaining your estate. Further, I included links to even more detailed information on my website so you can learn more. Therefore, please contact me and let me know how I did. Certainly, your comments and questions are welcome!

Let our Estate Planning lawyers help walk you through what can be a confusing process. To begin with, call to speak to one of our experienced estate planning lawyers.  By all means, our lawyers are ready to answer your questions. In fact, feel free to contact our office for a free consultation. Ultimately our goal is to make the process as painless as possible!

Wills, Trusts, Probate, and Estate Litigation, It’s All We Do!

Tags: Chester County, Estate, Estate Planning, Estate Planning Attorney, Estate Tax, Pennsylvania, Probate, Trusts