Estate planning can be confusing if you’re just getting started with your own plan. With so many documents and terms, it can be difficult to understand all aspects of the process. We receive a lot of questions about the process. Take a look at some of the information below to learn more. If you have any questions, or if you’d like to discuss your planning needs, meet with an estate planning attorney.
What happens if I don’t plan?
If you don’t plan, you won’t be prepared. It’s important to have a plan in place so that all of your needs are met. Without a plan, you will have no say in how your assets are distributed after your death. You will also not be able to plan for the care of your children or family. You also won’t be able to have emergency planning in place. Without a plan, you won’t have a say in the people who handle your estate affairs after your death. There are many reasons to create a plan. If you have not done so, now is the time to do it. You don’t want to find out that it’s too late!
What should I do after planning?
After you create your plan, it’s important to notify your loved ones of your actions. You want to let your loved ones know that you’ve taken care of your estate planning so that they have a greater peace of mind. Your plan is also only effective if others know that it exists. You should also carefully organize all of your planning documents so that they are easily accessible. Keep your documents in a safe place so that you can avoid damage and you don’t lose parts of your planning papers. You may also consider giving a copy of your estate planning documents to a loved one.
If you have any additional questions, or if you’re ready to start your own estate planning, consult with a qualified estate planning attorney.