Despite the Covid-19 Pandemic, 2 out of 3 American Adults Still Don't have a Will*

Do I Need an Estate Plan?

Most people think that they don’t need an estate plan unless they have young children or a large amount of assets. Here is why anyone 18 years or older should have an estate plan.

• An estate plan isn’t just about your death and a will but it’s also about incapacity and should also include important power of attorney documents that allow important medical decisions to be made quickly.
• Once your child reaches 18 years old, they are an adult and you can’t make health care or financial decisions on their behalf without proper estate planning documents.
• Estate plans prepare for the care of any dependents.
• If you have a total of over 50,000 of assets that isn’t payable on death you will typically go through probate. Estate planning can help you avoid probate, reduce your estate taxes, and saving you time and money.
• Proper planning ahead of an unforeseen event saves headaches and misunderstandings. An estate plan protects your loved ones and assets by ensuring your wishes are followed the way you want.

An experienced and trustworthy estate planning attorney will review all of your assets to determine what will transfer based on the contract and what if anything could trump what you have outlined in your will. Our attorneys will ensure everything is accounted for and will operate how you intend without surprises.