BUS 215 WEEK 5 DISCUSSION 2, ESTATE PLANNING

BUS 215 WEEK 5 DISCUSSION 2, ESTATE PLANNING What is estate planning and why do I need it (or not)? What elements are contained in an estate plan? Do I need an attorney tohelp me prepare an estate plan? What is a trust and how is it used? Can I use life insurance tohelp me fund a trust? Do I need a will? What could happen tomy estate if I die without a will? Why is it that so few people do estate planning? Post tothe discussion board your 200 word answer tothese questions. Respond toat least two of your classmates' postings. At the moment my husband and I do not have an estate plan established. We have come torealize that we will have tohave one in the near future since we do have children and would like toensure that they receive what we have saved for them and toensure that they are taken care of in the event that something was tohappen tous. We would like tomake sure that the family members that are named in our will receive what is intended and there is no arguing. By