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Estate
Planning Services - Why do You Need an Estate Plan?
Don't think of your belongings as an
"estate?" Think again!! Just because you may not
have a multi-million dollar estate doesn't mean an estate
plan won't protect you and the ones you love. Find out why,
even if you think you do not need an estate plan, your loved
ones do.
By
meeting the definition of Proper Estate Planning, a plan meets
your goals. It allows you to plan for your disability and
direct the distribution of your property. It saves tax dollars,
professional fees, and court costs. And, most importantly,
it keeps you in control of your own affairs.
A
Proper Estate Plan can:
1. Provide instructions for your care and that of your loved
ones in the event of your disability;
2. Be effective if you move to or own property in another
state;
3. Avoid probate and its associated legal costs;
4. Keep your affairs private and confidential;
5. Control all your property, including pensions and life
insurance;
6. Allow you to leave explicit instructions for the care of
your loved ones;
7. Create protective trusts for your young children, disadvantage
children, adult children, and grandchildren;
8. Provide federal estate tax planning; and
9. Protect you and your loved ones in many areas.
Creating
a Proper Estate Plan is easy with the help of your attorney
and advisors. You can quickly and comfortable establish a
living trust-centered estate plan for yourself and your loved
ones. Your living trust can be changed or cancelled at any
time. As maker, trustee, and primary beneficiary, you control
every aspect of how your property will be used. You also appoint
the trustees, naming as many or as few trustees as you like,
with specifications of who takes care of what. Of course,
a living trust-centered estate plan truly comes to life by
adding your loving concern and the caring efforts of your
attorney and other professional advisors. More |