About Estate Planning
Planning for life’s inevitability is the right thing to do. You don’t want your family to have to guess about your wishes or, worse, have your assets go to the wrong people. Most people know an estate plan addresses what happens to their family and property upon death. But did you know it also puts a plan in place for health care and financial decisions in the event of incapacity while you’re still alive? Because we can’t predict when we will die or become ill, having an estate plan benefits everyone at all stages of life. If you don’t have an estate plan, state laws and courts decide who gets your assets when you pass and who can make health care or financial decisions on your behalf while you’re alive but incapacitated.
Planning becomes more important in our later years because of the increasing potential for health issues. It ensures you have control over your quality of life, your home and valuables, how you age, and your level of privacy. It gives you and your family peace of mind when you have passed. A proper estate plan carries out specific wishes, provides optimal tax avoidance, and makes things easier for your family during difficult times.