Estate Planning Guide: Learn the Basics

Throughout our lives, we plan for one thing after another: education, career, family. But surprisingly few of us plan for our deaths. Maybe we think we are too young for estate planning, not realizing that sometimes things happen unexpectedly. Alternatively we may feel that we don’t own much. However, estate plans are important for even the smallest of estates.

Estate planning is important because it speaks of your wishes after you have departed, regardless of what you own. For example, it will give you control over decisions such as who receives your property, who will take care of your children, and how your business will be run. It can also help to reduce estate taxes, and can even plan for your care in the event you become incapacitated and are unable to make decisions for yourself.

Why Estate Planning Is Important

Failure to properly plan for your death gives rise to many risks. For example, your property could end up in the hands of distant relatives, or worse, the State; or it may go to someone who will squander it; or your children may have to live with someone you don’t favor. So why not do what you can now?

Make an estate plan so you can live with the peace of mind knowing that your loved ones will be cared for and your health care and financial matters will be handled appropriately and according to your wishes. Our software makes it easy to create important estate planning documents: a will, a healthcare power of attorney, a living will and a HIPAA authorization.

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Estate Planning

Read about Estate Planning on Wikipedia