Estate planning may sound complicated, but it can be a simple process. The purpose of estate planning is to ensure that your assets are distributed according to your wishes after you pass away.
There are several options when planning for the future of your estate. Which option you choose will be dependent on the structure of your family, the type of assets you have, and if you are specifically planning for an illness. This process can get complex quickly, so it’s important you are receiving sound advice when considering your estate plan.
Remember that estate planning is important for everyone, regardless of how much or how little you have. Taking the time to create a plan can provide peace of mind for both you and your loved ones.
Now, more than ever, it’s common for those under 50 to have an estate plan. With the complexities of blended families and differing family structures, it’s essential to ensure that your assets pass along to who you want rather than who the state requires the investments to pass to if you do not have an estate plan when you pass. An example of this is if you are an unmarried young adult and you pass without an estate plan, your assets would likely pass to your parent(s) per state statute. If you do not want your assets passed to your parent(s) for whatever reason, it’s advisable that you get an estate plan in place ASAP. Our attorney, Audrey Stone, is here to help!
We’re here to help you. Contact us to schedule a consultation or get answers to your questions. Our experienced attorneys provide effective and personalized representation for you. Take the first step towards resolving your legal issues and reach out to us today.