- Avoid necessary guardianship/ conservatorship proceedings in the case of incapacity.
- Designate who will care for your children in your absence.
- Avoid family fights/ court battles in your absence.
Many people think that for estate planning to be worthwhile, they need to have a taxable estate or significant value to worry about, however those people tend to overlook the greatest value that estate planning can have for them. For estates under the current taxable limit (a $5 million dollar exemption amount this year) the greatest benefit of estate planning comes from peace of mind. For instance, a proper estate plan can:
9/14/2020 10:25:13 am
It's valuable that you point out that estate planning is important for making sure that your wealth is distributed correctly after you die. I want to make sure that my kids get as much of my money as possible, so I'm considering hiring an estate planning lawyer. I'm going to search in my area for a good estate planning lawyer that I can hire.
1/19/2021 02:51:35 am
Wow, I had no idea that an estate plan allows you to avoid asset transfer inconvenience if ever you become incapacitated. I'll recommend this to my uncle, who wants to make sure that most of his assets go straight to his son. This way, he'd feel at ease to learn that his son can reap what he sows once he grows old enough.
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Trust Meme Blog
Trust Meme is written and maintained by the member attorneys at Inter Vivos, PLLC as a resource for families to better understand the importance of proper planning and their planning experience.