Wynn at Law, LLC clients sometimes have a shocked look when we bring up estate planning.
“We're not dying!” “We're not old!” The best time to set in motion an estate
plan is when you're neither old nor dying. No crystal ball or family tree can
predict how or when you'll age, get injured, or pass on.
Estate
planning is sometimes overlooked because a client doesn't think they have an
estate. The fact is, everyone has an estate. Your estate is everything you own,
including your car, home, other real estate, bank accounts, investments, life
insurance, furniture, and personal possessions.
If you don't have a plan
for these, the state has one for you
Wynn at Law, LLC
works with you to ensure your wishes are carried out for whom you want to
receive something of yours and when they are to receive it. Sounds like a will,
right? A Last Will and Testament is part of the plan for when you pass on, but
only scratches the surface of what estate planning entails. A thorough plan
includes what happens if you're living, too.
You don't
want the courts divvying up what's yours, but it will. Without an estate plan,
the courts can choose how your assets are used to care for you through a
conservatorship or guardianship. Those two, long, technical terms are the
complicated way of saying you don't have a say in a process that's going to be
open to the public and difficult to end even when you recover. An estate plan
includes:
·
Instructions
for your care if you're suddenly disabled
·
Establishing
a guardian for minor children if you can't care for them
·
Protecting
property and assets from loved ones who might be irresponsible with money or
their spouses, current or estranged.
While
speaking of disability or death can be a morbid topic, it is a topic that can
help you protect your being, your assets and your legacy. That is worth the
peace of mind.
*The content and material in this
original post is for informational purposes only and does not constitute legal
advice.
Photo by, used with permission.
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