Protect Your Property
You have worked your entire life. The keepsakes and wealth you have amassed is more than just assets. It is your legacy. It is what you leave for the next generation. Having an estate plan is vital to ensure that the legacy you leave behind is preserved for the next generation.
Protecting your legacy begins with ensuring your property is left to the right people. Without a plan, your wealth may pass to someone you would not want to have your property. Such as a child’s spouse. This can also happen with blended families, and second marriages.
Next, an estate plan can stop your heir’s creditors from gaining assets to their inheritance. It can also ensure that an heir’s inheritance is available to them without interfering with their state or federal benefits. Lastly, a properly crafted estate plan can avoid the high costs and complications associated with the probate process.