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| Estate Planning is a process designed to
help secure the continued growth of your hard-earned assets and to enhance your
family's future. Merely working hard to accumulate assets doesn't ensure that
those assets will be preserved for your heirs. Arranging for the distribution
Unfortunately, many people have neither a will nor a trust which would identify their intent and desires after their death. They become so involved in their daily activities that they give little thought to the consequences of their demise. However, many do realize the importance of estate planning documents to protect and provide for their dependents, but people often die prematurely leaving dependents unprotected. Families can be financially devastated and ripped apart by this procrastination. It is a common misconception that estate planning is important for only those with money or who are advanced in age. This myth is a cruel deception. In most states, if you own property over $30,000 your children or family could be subject to probate. By investing the time now to plan your estate you could possibly save your loved ones months if not years of agony and literally thousands of dollars in court fees and/or estate taxes.
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You have been the
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of
one's wealth is what estate planning is all about. A critical part of estate
planning is creating documents that outline your wishes for distributing your
assets after you die. Every individual has an estate plan. If you do not have a
formal written will or trust, your estate plan is created out of default by your
state. Every state in America has laws governing the distribution of property
when a person dies without a will or trust. If you have not made any provisions
for the distribution of your estate before you die, your estate would be
distributed according to your state's "intestate succession" statutes which
provide for the distribution of your estate to your spouse and relatives in an
order established by your state's law. So the question is not whether you will
have an estate plan, but whether you will have an estate plan of your own
selection or one imposed upon you by law.