The Basics: What is an estate plan anyway?
Whether you know it or not - no matter who you are or how much stuff you have, young or not-so-young, married or single, childless or with enough children for your own reality show - you have an estate. What you may NOT have is a plan. Big Picture: Your Estate = You and Your Stuff An "estate" is just a word to describe all of your stuff - house, checking account, savings, possessions, AND your debt - as well as your priorities for your stuff and decisions about who should (and shouldn't) benefit from it. An "estate plan" is made of all the choices you make ahead of time about how all of that should work while you are healthy, if you should become disabled, and when you die. Big Picture: Your Plan Should Fit Your Unique Needs and Values Because everyone has an estate, everyone needs an estate plan. But not everyone needs the SAME plan. That's why it's critical to work with an attorney who focuses exclusively on estate planning issues. He or she will be best able to help you clarify your goals and identify the biggest potential problems you and the people you love may face. Big Picture: Plan Ahead The more planning you do NOW, the simpler and cheaper everything will be for the people you love later on. The sooner you plan, the more options you have and the less expensive it will be for you and them. To schedule a free consultation to discuss your estate and your plan, email or call our offices today.
Disclaimer: Reading this blog post does not create an attorney-client relationship, and it is not formal legal advice. This is for information purposes only. Your best bet, always, is to speak with an attorney about your questions, assets, concerns, and needs.