Vice president David Walters dispels the myth that estate planning is only for the very wealthy or very old. In this episode, David explains why sooner is better for financial planning around what happens after you die, and where someone should begin when preparing wills and other estate planning documents. He and host Amy Laburda also dive into the basics of the federal estate tax, along with the federal gift tax and how the two taxes are related. Discover who needs to pay estate taxes; some dos and don’ts of designating executors or trustees; the pitfalls of “sweetheart” wills; and much more.