What is Estate Planning?
Believe it or not, you already have an estate. Your estate includes everything you own—your car, home, furniture, checking and savings accounts, investments, and personal possessions. From the most luxurious to the most modest lifestyles, we all have an estate. If you’re like most of us, the idea of you starting a personal financial plan can be challenging. Add in estate planning, and most of us want to cringe. But why is that? The list could be endless. Too complicated? No time? Too far into the future? Or just not a priority?
When you start to plan for tomorrow today, you can make a plan for all of your assets. An estate planning lawyer can help you with everything from wills and power of attorney to probate. An estate plan isn’t just for when you’re ready to retire. Good estate planning is often more appealing to families of modest wealth because they have less to lose. Since we can’t predict how long any of us will live, making a plan in advance and deciding who will get what when you pass away can save your family a lot of anguish.
Benefits of Estate Planning
Take control of your life, assets, and future. Protect your family, manage your assets, and decide how they will be distributed to avoid disputes. The best benefit is peace of mind. Knowing that when the time comes, you have a well-thought-out plan in place — one that includes your instructions and will protect your family — this is one of the most important and thoughtful things you can do for your loved ones and yourself. Don’t try to save money by doing it yourself. Hiring an experienced lawyer will help guide you through critical decisions and offer you peace of mind.