08/06/2026
A common notion is that without a large estate, there is no need to create a will, trust or other estate planning documents. But whether or not a person is in the "1 percent" is irrelevant to the need for a good estate plan. While many people have retirement savings, life insurance and other financial planning necessities, estate planning often falls by the wayside. According to one survey, 41 percent of baby boomers in America do not have a will.
Certainly an estate plan can reduce estate taxes if needed. Estate planning documents can also ensure that certain property goes to certain individuals, for example. Yet even if an individual has relatively few assets to distribute upon death proper estate planning can ease the financial and emotional burden on family members towards the end of life.
We can answer any questions you may have here at Esslie & Frenia, P.C.
518-622-9910
www.esslieandfrenia.com