It can be extremely easy to put off your estate planning needs. This is because you may feel that planning is unnecessary, or that your other responsibilities are more important…or that you’ll get around to it someday. The truth is, everyone should take the time to plan as soon as possible. Take a look at the following 20 reasons, to better understand the importance of planning. If you have any questions, or if you’d like to begin your estate planning, contact an estate planning attorney.
- You’re looking for a way to provide for your family, even after your death
- You want to decide which beneficiaries your assets will be distributed to
- You want to plan for future long term care costs
- You want to make sure that your children are always loved and cared for
- You’re looking for a way to plan for possible medical emergencies
- You want to protect your family business
- You wish to plan so that you can disinherit someone
- You want to provide for your pets, even after your death or during any disability
- You want to ensure that your end of life treatment wishes are respected
- You want to have complete control over your future affairs
- You want to limit your estate tax responsibilities
- You’d like to protect your assets during your lifetime, and after your death
- You want to make sure that the assets that you leave behind for your children are protected and used carefully
- You want to protect a loved one with special needs
- You wish to outline your funeral arrangement wishes ahead of time
- You want to make sure that your loved ones will be able to assist you during an emergency
- You want to choose who will help with your estate affairs
- You want to plan so that your family is able to pay off your debts and end of life expenses
- You would like to plan for retirement costs
- You want to live a more stress-free and relaxed life
As you can see, estate planning is an important aspect of life! Take the time to work with an attorney, so that you can have the best plan possible.
If you have any questions, or if you’d like to discuss how estate planning can help you, consult with a qualified estate planning attorney.
Stephen A. Mendel, Estate Planning Attorney
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