Creating an estate plan is an important step in your life for a number of reasons. Before we dive into the reasons why you should be creating your own plan today, let’s start by addressing some misinformation regarding estate planning.
Now, let’s get back to the original reason this post was being created: how can an estate plan benefit your life? How can these documents make your life better?
There are certain ‘things’ in life that keep us up at night or at least occupy our mind from time to time. Perhaps its the fact that you have a new baby and you now feel the urge to get things in order. Or, maybe you’re entering into retirement and want to be sure you’ve finalized all the necessary tasks so you can actually enjoy your new chapter of life. Maybe you have grown children and grandchildren – perhaps the goal is to know that everything is in place so that it will be easier on them. This is where the Will or Trust can help. It will eliminate your concerns regarding the above because you will have your intent and wishes in black and white. Everything will be clear regarding who gets what, how they will receive it, when they will receive and any other specifications you want to include.
Let’s not forget life planning though. Planning for when you’re gone is absolutely necessary but we all hope to have long and happy lives. During life, things can happen. Some of us may receive a diagnosis where our health will begin to decline. Others may suffer from an accident which could result in temporary or permanent disability. Or we may get to live our lives in a healthy fashion (which is what we all want) but understanding that things could happened planning for the unforeseen is crucial. Failing to do so may result in the court choosing individuals to make decisions on your behalf that you would not have chosen yourself. What documents should you consider to ensure you are prepared?
If any of this resonates with you then take the time to schedule a strategy session. During the session our attorney listen to your goals and discuss all options available to you. We have been assisting individuals and families for almost a decade and would love the opportunity to work with you. Give us a call today (954) 999-9683.
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