Since this is National Estate Planning Awareness Week, there is no better time, than to share with you, why having your Estate Plan in place is critical. Estate planning is important because it allows you to implement a plan to take control of your affairs and protect your assets now and in the future. For example, proper planning ensures your hard-earned assets will go to the people you want, when you want, in the manner you want after you pass away. Sometimes, people do estate planning to make sure that a particular person, such as a spouse or a child, is protected. Someone may also implement Estate Planning to make sure that they have enough assets to live on for the rest of their life. In addition, creating a comprehensive Estate Plan, can also ensure that people you trust have the authority to make financial and medical decisions on your behalf in the event of incapacity.
Depending on your particular needs and goals, estate planning can help you accomplish a great deal more, including:
- Protect your assets against lawsuits, creditors, the high cost of long-term care, and other threats
- Nominating guardians to ensure that your minor children taken care of, in the event you passed away.
- Reduce income, estate, gift, and other taxes
- Keep your financial affairs and family information private
- Protect the inheritances of your heirs
- Leave an enduring legacy
Ultimately, estate planning gives you the peace of mind that comes from knowing you have a plan in place for whatever the future may hold.
In honor of National Estate Planning Awareness Week, we have discounted our meeting fee throughout the month of October. You can meet with us in-person at our office or virtually via Zoom and other platforms. We look forward to working with you.