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Set up your estate plan today and avoid procrastinating

On Behalf of | Oct 18, 2019 | Estate Planning

It isn’t always fun to sit down and think about growing older, becoming impaired or passing away. It can be frustrating and fill you with anxiety to think of everything you’d have to take care of legally before that occurs.

It’s important to put your estate plan into perspective. This is the one legal product that can protect you, your family and your beneficiaries. It’s your way to communicate when you are no longer able to in any other way. It’s a way to protect your assets and to distribute them to your family and loved ones.

Feel overwhelmed? Work with an attorney to create your estate plan

Estate plans all vary, so it’s always smart to work with an attorney when you start setting one up.

Your attorney will talk to you about the parts of estate plans that you might be interested including in it, like your will, a trust or steps you can take to minimize taxation. You may want to include a charitable trust, for example, to donate to your favorite charity, or you may be interested in establishing your durable power of attorney first.

No matter how old or young you are, it’s necessary to set up an estate plan. No one knows when their time will come or when they will be impaired and unable to care for themselves. Taking just a few hours to sit down and arrange your estate plan will give you the peace of mind of knowing that your wishes are known and that you and your estate will be protected moving forward.