Who Needs Estate Planning?
If you were to die today, would everything be taken care of the way you want?
Estate planning provides instructions to legally ensure that things are handled the way you would want.
Estate planning is for everyone. Whether you have $40,000 or $400,000; you still have to plan for the future. This could mean naming a guardian for your minor children, or properly protecting and dividing your assets.
Creating an estate plan isn’t about how much money you have. It is about protecting what you have for yourself during your lifetime, and for those you love after you’re gone. By creating an estate plan, you are ensuring that the people you love receive what you want them to.
Only attorneys can create estate plans, and it can be as simple as a setting up a will, health care documents, or power of attorney. Estate planning can also include revocable living trust trusts, asset protection trusts, multi-generational tax-saving trusts, tax-saving charitable trusts, private family foundations, and many other fact-specific strategies.
Keeping Your Estate Plan Current
Once completed, your estate plan should be reviewed and updated based on major life events (birth, death, marriage, or divorce of anyone included in your plan). In addition, you should review your plan if there is a significant increase or decrease in your finances or if the laws related to your estate plan change.
The Gordon Law Group offers a maintenance program that provides you regular access to us to make sure your estate plan stays current with your wishes, family, finances and law.
Contact us today at 615-649-0401, and let us help you determine what amount of estate planning is right for you and your family.