If You Own Property, You Should Have an Estate Plan
Oct. 13, 2017
This Boca Raton blog has offered its readers a variety of informative posts on different devices that individuals may include when preparing their personal estate plans. From wills to medical directives and everything in between, it can be easy for readers to make excuses for why they do not believe they need to endeavor into the seemingly complex world of estate planning.
However, readers should realize that, if they do not engage in estate planning, they will lose out on the opportunity to control the distribution of their assets when they pass on. Although some may believe that their estates and included assets are too small to warrant estate plans, it is in the interest of everyone to take proactive steps to protect their property and ensure that those they love will inherit when the testator dies.
One of the first steps a person may wish to take as they begin exploring estate plans is to speak with an attorney who makes estate planning and document preparation the heart of their legal business. Estate planning lawyers can counsel their clients on the legal devices they may need to create to protect their wealth and decision-making power.
The majority of American adults do not have wills, which means the majority of American adults may not see their testamentary desires fulfilled if they die before putting those wishes down in writing. Readers of this post are encouraged to learn more about the benefits of estate planning and how those benefits may help them.
Source: clevelandjewishnews.com, “Estate planning applies to everyone, not just the wealthy,” Becky Raspe, Sept. 20, 2017