As 2019 approaches, you’ll hear friends and family set goals, make annual plans, and make resolutions. You can combine all three by creating an estate plan. Creating an estate plan means deciding now what will happen to your property and your assets during your lifetime and after your demise. It can include a will, a trust, and other important documents. Unlike moat New Year’s resolutions, your estate plan can be accomplished in a short period of time and the benefits and peace of mind lasts for many years.
Carefully planning your estate with the help of a knowledgeable attorney should be one of your 2019 goals. Contrary to popular opinion, estate planning is not only for the ultra-rich. It’s for anyone who owns real estate, has life insurance policies, and runs their own businesses. It’s also for men and women just like you who own everyday items like apparel, jewelry, and cars. It can establish an education fund for your grandchildren or let you leave a favorite cousin your treasured coin collection.
An estate plan has additional benefits even while you’re living. It lets you assign power of attorney should you become incapacitated, create medical directives in the event of serious illness or disability, and designate a trusted party to manage your bills, expenses, and home. It can eliminate the uncertainty, lengthy wait, and expense of wading through the complex probate court process. Because the probate court makes your assets and transactions public knowledge, an estate plan also helps maintain your privacy.
It’s never too soon to start an estate plan and never too late to make changes to an existing estate plan. Marriage, remarriage, and additions to the family – all of these are valid reasons to update your estate plan. The future might be uncertain, but your plans for the future shouldn’t be. By working with the experienced attorneys at the Grissom Law, LLC, you create a stable present and a reliable future. Contact us today for a no-cost, no- obligation consultation that will let you start 2019 off on the right legal foot.
Disclaimer
This Blog/Web Site is made available for educational purposes only. In addition, it is available to give you general information and a general understanding of the law, not to provide legal advice. By using this blog site you understand that there is no attorney client relationship between you and Grissom Law, LLC.