Do I Need Estate Plannning?

As a homeowner, you are aware of the importance of homeowner's insurance. You're not expecting a fire, but you and your family need protection in the event of "what if". Have you given the same thought to your estate planning?

Estate planning is not just for the wealthy. Planning is a process that makes you consider and set up legally effective arrangements if something unexpected should happen to you or those you care about.

Whether you are married or single, it is very important to have a will. If you should die without a will, your spouse, children and other heirs may encounter difficult problems with the administration of your estate. A "simple will" is typically defined as one that leaves property to each spouse (assuming a marriage) and after the surviving spouse dies (if the person is single, then upon that person’s death), all property is transferred to children or other family members. Most people have a simple will as their primary estate planning tool. Minor children, children by prior marriages, children with Special Needs or others who are dependent upon you for support can create concerns, which may require something more.

A good plan also includes directions to carry out your wishes regarding financial and health matters and authorizes someone you select to do it for you in the event you are incapacitated or otherwise unable to communicate your decisions.

It is impossible to discuss here all the details that you may need consider when planning. Please give us a call, we would be happy to discuss with you your specific needs and concerns.