Do you want to be able to provide for your family after you are gone? If so, you should begin estate planning now so you are sure you cover every single detail before you pass on. Whether you want to provide for your family after your death or you just want to ensure that the process is as easy as possible for your family, estate planning is the easiest way to accomplish your goals.
“Estate planning is simply the fancy legal term for deciding what to do with your stuff after you are gone,” according to The Cheat Sheet article titled “A Beginner’s Guide to Estate Planning.” Although no one really likes to talk about dying and what will happen when they die, it’s important to start planning. You really want to start your estate planning now while you are still living (of course!) and in sound mental and physical health. Planning allows you to choose what happens to your assets and prized possessions instead of a relative, friend—or worse—the probate court. With some basic estate planning, you can ease the burden on your loved ones of dealing with your estate.
If your estate is subject to taxes, The Cheat Sheet article stresses that a proper plan can help reduce or even eliminate these taxes.
After you pass away, your will is executed via the probate process. Probate includes the distribution of your assets to your heirs.
Estate planning can be a much easier task with the help of an experienced estate attorney. After you read the original article, call us to set up an appointment to cover the basics and the finer points of your specific circumstances.
Sadly, much of what passes for estate planning today is little more than word processing. Someone asks a few questions and then fits you into their pre-defined box. This isn’t planning – This is simply document preparation. Don’t settle for word processing in place of quality planning!
At Idaho Estate Planning we will take time to get to know you, your family, your desires, your concerns, your goals, and any potential future problems. Your estate plan should be a custom fit not a “one size fits all”. Remember, good planning is no accident.