One of the beautiful things about estate planning is the range of options for achieving specific goals. Whether you have a modest estate or a multitude of complex assets, there are estate planning tools to help ensure that your needs are met in later years and that your assets are protected for future generations.
If protecting assets for future generations is one of your primary goals in life, you may fear that some of your wealth will diminish or your estate will come under unnecessary scrutiny if it must go through the probate process. Because a last will and testament goes into the public record, your personal business could become known by any individual wishing to gain access to it. That is one reason you may want to consider alternative estate planning options.