Recently, an estate planning survey was taken and some respondents weren’t even sure if they needed to do any estate planning.
You don’t have to be a multi-millionaire, or even earn six figures to need estate planning.
Many people I’ve worked with on their estate plan weren’t sure if they needed one, either. But you may have overlooked many crucial aspects of estate planning that applies to your situation.
Doing the research and implementing a plan is always better than not doing a little more investigation and simply assuming that estate planning won’t apply to you. It saves your family a lot of time, heartache and issues down the road if you take care of planning now.
Estate planning is essentially your gift to your family. You find out what you need to know, make some decisions and then put down in an official document exactly what your wishes are. That way, they’re left to wonder after you pass away or become incapacitated what your wishes might have been.
Also, estate planning can help avoid probate. If you don’t make the decisions now and unexpectedly pass away, a probate judge will be making those decisions for you. The judge may mean well, but what does this stranger know about you and your family, and what is best for them?
This is your domain, because they’re your family and it’s your assets we’re talking about. Make those decisions so they aren’t made for you.
As you plan your estate and its distribution, there are a number of important questions you’ll need to consider, such as:
- Who should administer your estate when you pass?
- Who will serve as guardian of your children?
- How will taxes be handled, such as death taxes?
- How should title to assets be held by you and your spouse?
- Should you become incapacitated, how do you want your medical treatment managed?
- If you can’t manage your estate, who will do so on your behalf?
In my free estate planning and living trust program, I provide you with the information you need to answer these types of questions and more.
You will find out what you need to know so you can decide how best to protect yourself, your family and your assets.
Simply click the button below and you will receive immediate access to my FREE estate planning program.