Why Should You Consider Estate Planning?

A proper estate plan will potentially shield your family and your estate from costly fees and taxes. Estate plans allow you and often members of your family to resolve potentially complicated and emotional distribution of assets, long before your plan will be used.

 

A recent survey by lawyers.com found that 18% of Americans have personally experienced problems after the death or incapacitation of a loved one due to lack of or an improperly prepared estate plan. Even if you think everyone knows your wishes, the government or your family might have different ideas. Estate planning does not have to be expensive or complicated, and the benefits can be tremendous.

The Top 10 Most Common Goals of Estate Planning:

  1. Avoiding the expense of probate
  2. Avoiding the time delay of probate
  3. Keeping your private matters private
  4. Avoiding confrontation
  5. Providing for your minor children
  1. Reducing or avoiding Federal Tax
  2. Reviewing IRA and retirement plan beneficiaries
  3. Allowing flexibility of your assets
  4. Protection from creditors
  5. Planning for incapacity

The benefits of estate planning can be tremendous, especially relative to the cost. When you know something is going to happen, a wise person plans for it. Even if you don't use our services, The Law Office of Robert L. Shepard encourages everyone to seek an estate plan.