Estate Planning Calculator
Calculate your net worth, plan asset distribution, and create a comprehensive estate plan. Ensure your assets are protected and distributed according to your wishes.
Enter Estate Details
Asset Distribution
Beneficiary Allocation
Estate Planning Recommendations
Will Preparation
Based on your estate size, consider creating a detailed will to ensure proper asset distribution.
Asset Protection
Consider trusts for asset protection and tax efficiency.
Debt Management
Address outstanding liabilities to maximize inheritance value.
About Estate Planning
Estate planning is the process of arranging for the management and disposal of your estate during your life and after death. It involves wills, trusts, beneficiary designations, powers of appointment, and other strategies.
Essential Estate Planning Documents
Last Will & Testament
Specifies how your assets should be distributed after your death
- Names executor
- Designates guardians for minors
- Specific bequests to individuals
- Residuary estate distribution
Living Will
Medical care instructions if you become incapacitated
- Life support preferences
- Pain management instructions
- Organ donation wishes
- Healthcare proxy designation
Power of Attorney
Authorizes someone to act on your behalf
- Financial decisions
- Property management
- Legal transactions
- Can be durable or limited
Trust Agreements
Legal arrangements for asset management
- Avoids probate
- Provides asset protection
- Tax efficiency
- Privacy protection
Common Estate Planning Mistakes to Avoid
Not Having a Will
Dying without a will (intestate) means state laws determine asset distribution, which may not match your wishes.
Outdated Documents
Failing to update documents after major life events like marriage, divorce, births, or deaths.
Improper Beneficiary Designations
Not updating beneficiary designations on insurance policies and retirement accounts.
Ignoring Tax Implications
Not considering potential taxes that could reduce the inheritance for your heirs.