12 Benefits to Professional Estate Planning

In no particular order:

1. Don’t waste your hard earned money on an off-the-shelf, fill-in-the-blanks document that fails to address your particular needs.
2. Ensures that your documents are valid and enforceable.
3. Things that could go wrong anticipated and addressed, to the extent reasonably possible.
4. Avoids uncertainty; family fights; unfairness. Things will go smoothly and be easy for your surviving family.
5. Avoid the unexpected – Things that could go wrong anticipated and addressed, to the extent reasonably possible.
6. Your assets will pass to your intended recipients when you want, how you want.
7. Avoids unintended consequences that you may not have considered and would not like to see,
8. Avoids potentially devastating loss of wealth due to cash flow problems after your death.
9. Avoids guardianship (in most cases), saving you additional attorney fees; premiums for posting bond; delays of 30 days or more when you become incapacitated; ongoing attorney fees and time spent by your guardian in filing reports, petitions, and accountings with the Court.
10. Provides asset protection for your spouse, disabled child, caregiver child, or other loved ones if you need nursing care and apply for Medicaid.
11. Plan for any kind of incapacity. Life is unpredictable. If you should ever become mentally or physically incapacitated, an estate plan will outline your wishes regarding life and who will make medical decisions on your behalf.
12. Ease the burdens of your family. It can be difficult to plan the funeral of a loved one when grieving. When working on your estate plan, you can outline your wishes for funeral arrangements and even set aside funds for them. This takes some of the burden off your family during this difficult time.

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