Many people think that estate planning only has benefits far in the future.
That is wrong.
Here are some of the immediate benefits:
The satisfaction of a job well done.
You will learn how much equity you have, how much cash is coming in, and how much cash is going out each and every month. Just like a business, you will have a cash flow analysis and a balance sheet.
Your unease of what may happen in the future will evaporate. You will know that plans have been made.
You are being proactive, not reactive. You have the right to know what will happen and the order it will happen in. You should know who will be in charge of the finances and medical decisions.
You make sure your values will continue and are known to your family now. If you don’t then your family may regret that you never shared family stories, history, and values.
Estate planning can open up new lines of communication for a family that you didn’t even know existed. Just the process of creating a plan makes families communicate in new ways about new things.
You have the freedom to express yourself and make sure your views and values are expressed.
from DeWitt Law Firm, PLLC http://ift.tt/1njiiMv
from DeWitt Law Firm, PLLC
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