Estate Plans are for Everyone
First, let’s debunk the myth that an estate plan needs to be both elaborate and expensive.
October 22, 2020
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First, let’s debunk the myth that an estate plan needs to be both elaborate and expensive.
Estate planning is the process of arranging who will receive your assets when you die.
Without an estate plan in place, clients will be reliant on state laws and probate courts to appoint individuals who will be responsible for financial affairs and health-care decisions, in the case of illness and ultimately the transfer of assets upon death.
No matter what line of work you are in, estate planning has facets that apply to everyone, and it comes down to documenting wishes and avoiding probate and unnecessary taxes. Too many people put it off, but, in general, the sooner you do it, the better.
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