Estate planning is an investment in you and your family. Estate planning is not about you, it is about them. Planning is an investment in love designed to protect your spouse, children, and other loved ones.
Estate planning is a financial investment. Where else can you invest a dollar and get back $2, $3, or more? A plan on $300,000 estate (not uncommon) is $2,500. Probate and other expenses on that estate are about $18,000. You put in a $1 and your family pulled out $7.20. That is a 720% return on investment.
Estate planning is the process of planning. During your life. For what will happen to your health, finances, stuff, and assets. Estate planning can be used to get rid of uncertainties. About the uncertainty of probate. And to maximize the value of the estate by reducing taxes and other expenses.
The ultimate goal of estate planning is determined by the specific goals of the client. And may be as simple or complex as the client’s needs dictate.
Guardians are often designated for minor children and beneficiaries in incapacity.
Estate planning uses a variety of tools including trusts, wills, powers of attorney, medical powers of attorney, and much more.
from Protecting You And Your Family http://ift.tt/29CfDJi
from DeWitt Law Firm, PLLC
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