Clear Benefits for Everyone
There’s a common misconception that estate plans are only for people with vast amounts of wealth or a large number of assets when that statement is simply untrue. Estate plans are for everyone, and those who do not have one yet should consider working with an attorney to get one crafted as soon as possible. Here are reasons why you need an estate plan and should work to get one created.
The Future is Uncertain
No one knows what tomorrow may hold. You could wake up and live a completely normal day, or you may be gone and not be here for another day. While this might sound morbid, this fact of life should motivate us to want to be prepared for the unexpected for the sake of our families.
Your Wishes Upheld
Part of estate planning is having a will in place to direct how you want your assets distributed; dying without a will means that your assets will be divided according to California state guidelines. If you want control over who receives assets in a way you want them distributed, you will need to have a will in place as part of your estate plan.
Protection for Your Family
Anyone would want to leave their family in a better position when they’re gone, and having an estate plan in place allows you to do exactly this. When your assets are passed down according to your wishes, you can trust that your family’s needs will be met.
In addition, having an estate plan can bring great peace of mind to your family. If, for example, you are rendered incapacitated and incapable of making decisions related to your finances or your medical care, your family may be too overwhelmed to handle such decisions. Having an estate plan with powers of attorney to take care of these important issues reduces the burden placed on your family.
Ready to Get Started on an Estate Plan?
Creating an estate plan begins with contacting an experienced attorney who can help you create an estate plan that meets your unique needs. At Schweitzer Law Partners, our team can guide you throughout the estate planning process to create a plan that serves your needs and the needs of your family.
Learn more about estate planning in California by calling our Pasadena attorneys at (626) 788-5225. You can also visit our website to learn more.