Estate planning is a big deal for everyone, including people who have considerable wealth and those who don’t. If you don’t have an estate plan together, we can help you determine what you need to get started. This isn’t a process that has to be very difficult to work through. Instead, you can make decisions about everything as we discuss your wishes.
When you are creating an estate plan, you can’t focus on what worked for someone else. These plans must be unique. They must be based on what you have and what you want to happen when you are gone. You have to think about each family member, beneficiary and recipient of the assets you have.
You aren’t limited only to family members when you are deciding who you want to leave things to. You can also consider charities, friends and nonprofit organizations. Some people decide that their family members have enough and opt to help out favorite causes.
Your estate plan isn’t just a single document, unless you have a very simple plan. Instead, you have to think about a will, trusts, powers of attorney and other similar documents. Each decision that you make regarding your estate plan has to be carefully considered to ensure that you are making the decision that is right for your circumstances.
We understand that you might not be ready to face these thoughts right now. Still, the worst thing that you can do is assume that you have all the time in the world to get this done. You never know when it is going to be too late to get your plan put together, so act today.