“ESTATE PLANNING SHOULD NOT BE A NEAR DEATH EXPERIENCE.”
No one wants to think of death… but we all will be there one day. Might as well be prepared.
Estate Planning Doesn’t Have To Be Expensive
If you think you may not be able to afford a complex estate plan, you can always start with something simpler. A young family or single adult may only require a will, term life insurance and powers of attorney for their assets and health care decisions. As your needs change and your financial situation improves, you can expand your plan as required. An experienced attorney from Brown Law & Associates will be able to provide the necessary guidance and peace of mind that you need.
Estate Planning is For Everyone
Some people think that estate planning is reserved only for the rich or retired people. In fact, this topic tends to make some people very uncomfortable. Just because we ignore the inevitable, doesn’t make it go away. Other people think they don’t have enough assets or are not old enough. Since we cannot predict how long we will live, or wheather we will suffer from illness or accident, estate planning should be taken care of sooner rather than later. Once something happens, it’s often too late and the families of those who didn’t plan will be left to pick up the pieces. That’s why we encourage you to take action today. It’s affordable, easy and it will bring you and your family peace of mind.
Estate Planning: What Is It?
Estate planning is essentially making a plan in advance which names who you want to receive your assets after you die. Proper estate planning is more than this, however. It should also do the following, as needed:
- Include instructions for your care if you become disabled before you die
- Name a guardian and manager for the inheritance of any minor children
- Provide for family members with special needs while maintaining eligibility for government benefits
- Provide for loved ones who may be unable to manage money or who may need protection from creditors
- Include life insurance benefits for your surviving family, disability income insurance if you become unable to work, and long-term care insurance to assist in financing your medical care in case of an extended illness or injury
- Provide for the transfer of your business at your retirement, disability or death
Your plan should get updated as your situation changes. When you have children, when you retire, when you win the lottery!