Why do I need an estate plan?
Most of us spend a considerable amount of time and energy in our lives accumulating wealth. As we do this, there also comes a time to preserve wealth both for our enjoyment and for future generations. A solid, effective estate plan ensures that your hard-earned wealth will pass intact to those you intend to be your beneficiaries, instead of being siphoned off to government processes and bureaucrats.
Most of us spend a considerable amount of time and energy in our lives accumulating property and other assets. If we want to ensure that our partner and/or other loved ones will have a right to inherit the fruits of our labor, we must take the time to create a plan and put our wishes in writing. If you do not plan your estate, you lose the opportunity to protect your partner and your family from an impersonal, complex governmental process that is a burden and a nightmare — especially in today’s hostile and homophobic society.
Most of us spend a considerable amount of time and energy in our lives accumulating wealth. With this, there comes a time to preserve wealth both for enjoyment and for future generations. A solid, effective estate plan ensures that your hard-earned wealth will remain available for your care and will remain intact when it passes to your beneficiaries, instead of being siphoned off to government processes, attorneys and bureaucrats.
Most of us spend a considerable amount of time and energy in our lives accumulating wealth. With this, there comes a time to preserve wealth both for enjoyment and future generations. A solid, effective estate plan ensures that your hard-earned wealth will remain intact as it passes to your beneficiaries, instead of being siphoned off to government processes and bureaucrats.
Just because you may not have a multi-million dollar estate doesn’t mean an estate plan won’t protect the ones you love. An estate plan allows you to plan for your disability and direct the distribution of your property. It may save tax dollars, professional fees and court costs. Most importantly, it keeps you in control of your own affairs. A properly designed estate plan may… Provide instructions for your care and that of your loved ones in case of your disability. Be effective if you move to or own property in another state. Avoid probate. Keep your affairs private and confidential. Control all your property, including pensions and life insurance. Allow you to leave explicit instructions for the care of your loved ones. Create protective trusts for your young children, disadvantaged children, adult children, and grandchildren. Provide federal estate tax planning. With the help of your O.W.D estate planning lawyer, you can quickly and comfortably establish an estate plan for yourself
