BENEFITS OF ESTATE PLANNING
Many feel that they are either:
Too young to think about estate planning OR Do not have enough assets to necessitate estate planning
This notion is flat-out wrong. MOST people/families can (and should) benefit from estate planning services.
Without proper planning, your estate may be subject to excess delays and fees, and your assets may be subject to public record.
Loss of Capacity
Estate planning assures that a person of your choosing will handle your affairs should you become incapacitated. Without a plan, the courts often make this decision.
Detailed preparation strives to distribute assets to loved ones in the most tax efficient manner possible.
Proper estate planning allows you to choose a successor of your business. Thus, you decide who will own and control the business once you pass away.
Estate planning will assure that your assets remain in your family and are transferred according to your wishes.
While most with 401K plans or IRA accounts suggest (if not mandate) that one select a beneficiary for said accounts, failure to make this selection as part of a cohesive estate plan can result in negative tax consequences for heirs.
Should tragedy strike, proper planning will assure that a guardian you choose raises your children.
“NOW is always the right time to start developing a mutually beneficial relationship. I look forward to learning more about your passions, goals, and objectives. Let’s start the process of moving forward together!”
- Christopher H. Wisher, Attorney