Estate preservation is not just for heirs and it's not just for the wealthy. It's important for everyone who depends on their assets for income or financial security.
One of the most obvious ways to preserve and protect your estate is to have a prudent insurance plan to protect your assets from financial catastrophes.
Another strategy is to avoid unnecessary taxes and large investment losses. We suggest taking no more risk than necessary to accomplish your goals. Chasing higher investment returns often leads to disaster.
And of course a carefully designed estate plan is very important. For that job, we recommend that you consult an attorney who specializes in estate planning.
Posted by C. Thomas Thames
About the Author: C. Thomas Thames is a Certified Financial Planner™ professional with offices in Folsom and Elk Grove, California. Tom holds an MBA degree from Santa Clara University and has over 40 years of experience in the financial services industry. He also holds the Chartered Financial Consultant and Chartered Life Underwriter designations.