It is a common misconception that Estate Planning is for the wealthy. Estate Planning can include creating a Last Will or a Power of Attorney, but it can also involve creating Trusts to protect your assets. Even if you deem it unnecessary to create a Will due to the size of your assets, keep this in mind: “If you aren’t properly prepared, financial uncertainty could plague the lives of those you leave behind.” This warning comes from smartasset.com’s article on Estate Planning, linked below.
The safest and most rational decision we can make, is to plan. As off putting as it may be, this includes planning for your death. If you have spent an entire life carefully measuring each step you take so that it benefits your loved ones around you, then why would you ever stop? In fact, putting a stop to your planning can end up hurting those around you, even if it is completely unintentional.
To avoid this, it is in your best interest to contact an attorney and create the Estate Plan that works for you. It could just be creating a Last Will & Testament to ensure your assets are distributed according to your wishes and to help your loved ones avoid a drawn out probate battle. Or, it could include many more intricate documents and several manners of asset protection to ensure your legacy lives on. However, you won’t know until you ask for advice and lay out all of your assets on the table to be examined.
Danna & Associates, PC is a law firm that has not only specialized in Estate Planning, but also in Elder Law, for over 24 years. This allows us to combine these 2 fields of law with ample experience and help you create the best Estate Plan for you, individually. Call 718.273.0300 for your free consultation today!
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