Make a Plan

Make a Plan

The word “estate” usually conjures images of older, high-net-worth individuals with small dogs and grandiose homes. So, estate planning is only for people like that, right?

In reality, estate planning is for every adult, regardless of age or net worth. During National Estate Planning Awareness Week, it’s important to remember why an estate plan is so valuable to everyone.

  1. Estate planning saves time and money. Under the best of circumstances, probate can be a long and expensive process. When the system is overloaded, it can become an even greater challenge. Taking steps to avoid this lengthy process will make an inherently complicated event a little easier for your loved ones.
  2. Estate planning protects your children. Your minor children (or other dependents) should be a top priority in your documents. Make certain that you have properly planned for their care if ever needed.
  3. Estate planning takes care of you. Illnesses and hospitalizations can result in financial and medical decisions being made by someone else. Power of attorney documents ensure that “someone else” is the person you trust to handle your affairs.

A skilled estate planning lawyer can give you some peace of mind with a plan customized to your needs, financial affairs, and family situation. And because life is always changing, it’s a good idea to revisit your plan even if the changes are not obvious.

During National Estate Planning Awareness Week especially, let Wright Beamer make sure you have a plan that works for you. Contact our office at 248.477.6300.

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