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Estate Planning Gives You Peace of Mind

Posted by Nina Whitehurst | Jan 30, 2018 | 0 Comments

Multigenerational family

Just what does an estate plan give you and your family?

Many people do not think carefully about the laws of intestate succession and how their assets would be distributed, so an estate plan can be really beneficial, according to an Investopedia article in "Leaving a Legacy: Why You Need An Estate Plan."

The discussion includes:

  • Even if you generally like who will get your assets under state law after you pass away, you can still benefit from deciding who gets what exactly. For example, if you have multiple children, an estate plan can let you decide which child gets what.
  • An estate plan lets you determine what your values are and how you want those values expressed. You can do things in an estate plan, like making sure your grandchildren have money for education and that your favorite charities receive donations from your estate.
  • As things in your life change, your estate plan can evolve with those changes and let you stay on top of what will happen to your possessions and family after you pass away.

An estate planning attorney can advise you in creating an estate plan that fits your unique circumstances.

Reference: Investopedia (Jan. 5, 2018) "Leaving a Legacy: Why You Need An Estate Plan."

About the Author

Nina Whitehurst

Attorney at Law Nina has been practicing law for over 30 years in the areas of estate planning, real estate and business law She is currently licensed in Alaska, Arizona, California, Colorado, Oregon and Tennessee. Her Martindale-Hubbell attorney rating is the highest achievable: 5 stars in peer...

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