All you have to do it turn the television on to hear about another young death. A person who died far too suddenly and far too young. A person who never thought it would happen to them. So many people delay their plans to get an estate plan- so many people think “it’s never going to happen to me.” Others question, “I barely have any assets, why do I need an estate plan?”

Estate planning isn’t just about how much money you have. Estate planning allows you to manage your life and finances, and protect not only your current assets but your future assets as well. Specifically, estate planning allows you to:

1) Save money on probate, taxes, and other expenses of settling an estate. Remember, should you be required to participate in probate because you did not have an estate plan, these expenses are set by statute;

2) Avoid the 1-2 year backlog of the probate court, ensuring your beneficiaries receive their distribution soon after your death, rather than waiting for the probate to complete over a one to two year period;

3) Void the current state laws which dictate where your assets will go if you don’t have an estate plan in place;

4) Determine whether your business will remain intact after your death, and how it should be managed;

5) Have the ability to elect the person you want to manage your estate upon your death, and your health in the event of incapacity;

Most of all, estate planning allows you to be in control of your own life. Who wants a third party judge dictating how your estate will be distributed upon your death? Take control of your life today and contact us at Office@WarfieldLegal.com.