No one thinks they’re going to die anytime soon—especially if they’re under a certain age. But, as the saying goes, “stuff happens.”
If you don’t have a plan for the distribution of your assets after you pass away, the State has one for you—and it probably won’t go the way you would want. It’s never too early to prepare for the unexpected while hoping it’s a long way off.
- If you have minor children, you need a plan for who will care for them if something happens to you.
- If you have assets with beneficiary designations—like IRAs, 401(k)s, bank accounts, or real estate—use those designations. Doing so can save your loved ones time and money by avoiding probate.
- If you have health concerns that may leave you unable to make medical or financial decisions, establishing Powers of Attorney now can avoid the need for a court-appointed guardian later.
- Some estate planning strategies can even help you qualify for government benefits like Medicaid or Veteran’s benefits—if you start early enough.
There are many ways to ensure your loved ones won’t be left wondering, “Why didn’t they have a plan?” Estate planning isn’t just for aging parents—it’s for new parents, empty nesters, the sandwich generation, and everyone in between.
It’s never too early to start your estate plan. Get in touch with us today for a consultation. Click Here for an Appointment.