When it comes to your estate planning, what's not done is often the biggest mistake made. Even people who realize the importance of proper planning often don't have a plan in place. From psychological difficulties in facing one's own mortality to the more mundane problem of simply finding the time, the reasons people avoid developing an estate plan are as diverse as the individuals themselves. Still, nearly everyone—from the wealthy to those of very modest means—can benefit from a well-designed plan.

Without any estate plan in place, federal and state laws dictate how property, personal items and assets are divided, with no regard to the individual's wishes. Conflicts due to family issues and legal problems often result, tying up the estate and slowing down the distribution of assets. Additional administrative expenses and taxes, which must be deducted from the estate, can also reduce its overall value.

A Northwestern Mutual Financial Network Representative has knowledge and experience in estate planning. A representative can help you define objectives to meet your overall goals.

When you know your objectives, it is easier for your attorney to prepare the documents for you. Coordination with your advisors allows you more time to take care of those things that mean the most to you. A representative will work with you to find the right combination of products and services to fit your estate planning needs.

The legacy you leave will depend on the plan you prepare. Through careful thought and use of the proper tools, you can leave your beneficiaries the estate you always meant for them to have.