Estate Planning means setting up a will or trust to give what you have to whom you want, the way you want and when you want. It also means naming people you trust to take care of you and your loved ones if you become disabled.
Estate Planning is essential for everyone. So essential in fact that the government creates a plan for you if you don’t. Although well meaning, countless drawbacks exist with the government’s plan, such as court involvement, substantial legal fees, potential taxes, and leaving yourself and loved ones vulnerable to financial predators and creditors. The amount of time, stress, and money that you can save by setting up an Estate Plan is clear.
The most common hurdle to Estate Planning is procrastination. Most people know they need to do it, but don’t know where or how to start.