Did you know that in 2008, Congress declared the third week in October as National Estate Planning Awareness Week?
Estate planning is a critical component of financial planning but is often overlooked or pushed off for “another day.” It has been estimated that over half of Americans do NOT have an estate plan that addresses their current situation! Many do not contact an attorney until an emergency arises with time-sensitive issues, which can result in stressful, last-minute planning.
Proper estate planning now can save money for you and your loved ones, distribute your assets in the way that you decide, offer instructions in case of incapacitation, and determine care for your minor children. In short, taking time for your estate plan can give you peace of mind that you’ve made the best decisions for you and your family before the need ever arises. Alleviate stress by having a will, trust, durable power of attorney, and patient advocate in place now so that things are in place when they are needed.
Take a moment this month to review your estate plan, if you have one, or make plans to have an estate plan prepared. We are always here to help. Please contact us at (248) 477-6300 or firstname.lastname@example.org for a review or an initial consultation. Estate planning is for everyone!
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