Lack of Planning could leave your assets to someone you do not even know.
Estate planning is far more complicated and involved than most people realize. If you don’t have a full understanding of your legal and financial rights, it is going to end up costing you or your family thousands of dollars, or leaving a valued family possession to your Great Aunt Edna.
If you think that you are too young to worry about estate planning, or perhaps you are waiting until you have more “estate” to bother with, think again. By planning now what happens to your estate in the event of your death, you will be left with the peace of mind that comes with knowing that you have provided for your children and your family to the best of your ability.
Questions you might need help answering…
- How does divorce or multiple marriages affect estate planning?
- What happens when heirs are too young to inherit?
- Are there children from multiple marriages or individuals who might challenge or interfere with estate planning?
- How can an inheritance be protected from creditors of an heir?
- How can you pass along your estate with the minimum tax liability involved?
- Who needs to be on your estate planning team?
- Do you have all the proper paperwork in order, including wills, power of attorney, healthcare directives, and trusts?
- How will your estate be taken care of in the event that you are incapacitated?
- What are the processes for amending your estate plans as your situation changes?
- How can you leave money to charities or other organizations?
