Why Estate Planning is Important
Planning for how to handle an unexpected event such as sudden death, a traumatic accident or illness probably isn’t top-of-mind for you most days, but it is an important task. Establishing an estate plan with specific instructions is crucial to ensuring that your loved ones know your wishes and can execute on them.
Benefits of having an estate plan include:
- Ensuring that your children have the legal guardian you’ve chosen
- Avoiding family disputes and administrative complexities via clear advance instructions
- Minimizing taxes and legal fees
- Avoiding having the state identify who receives your assets
- Preserving wealth for your beneficiaries.
Useful Links
Even if you're unmarried and without dependents, you should still have a will. Read Why Everyone Needs an Estate Plan from Kiplinger.
Read the top 5 frequently asked questions about wills from Legal Zoom.