What Can Estate Planning Do For You?
Losing a loved one can make it impossible to accomplish even mundane tasks like cooking a meal or taking the garbage out. Each person has his own way of coping with death. Regardless of how your family and friends cope with death, there are steps you can take to make it easier on them.
Estate planning can help you in the future and now. You can do things like plan out and pay for your funeral, pay off your mortgage, help your parents with their assisted living expenses, add a new wing to the church, or set up a foundation to continue your social justice efforts. Estate planning can also benefit you now. When you prioritize now, you can plan and save in ways that help you accomplish goals now and after you’re gone.
Estate planning gives you the opportunity to integrate and organize your personal, professional, and estate goals. It allows you to preserve your assets for use now and in the future. You’re able to provide for your family, friends, and charities after you die. Estate planning can also ensure the efficient distribution of your estate and even save money when it comes to taxes, legal fees, and court costs.
Each estate plan is different and there is no one-size-fits-all estate plan. Laws differ in each state and each person has his own specific needs and wants. There are, however, basic components that comprise most estate plans: Last Will and Testament, financial Power of Attorney, and Advance Health Care Directives. Contact our office to schedule an appointment to discuss your estate plan.