It goes without saying that no one gets excited about creating an estate plan. Even if you understand the importance of doing so, you won’t be on the edge of your seat thinking about how much fun it will be.
Unfortunately, if you continue to put this off, it could result in trouble for you and/or your loved ones in the future.
Generally speaking, if you have assets, you should create an estate plan. If nothing else, it allows you to outline who will receive your assets in the event of your death. Here are some other questions you can answer to help you determine if now’s the time to create an estate plan:
As you answer these questions, you’ll come to better understand if you need an estate plan. Here are some benefits of going down this path:
If you don’t have an estate plan, think long and hard about creating one. Once you take this step, it’s easier to look toward the future with a clear mind.