Why estate plan?
Save money, time, and privacy by avoiding probate, designate guardians for your minor children, reduce risks of estate litigation, provide protection against beneficiary creditors, properly designate beneficiaries, title real estate a certain way and understand why you should title it that way, prevent in-laws from taking your children's money, set up a college or other financial plans for in-laws, care for your pet after your passing, state your preferences on DNR or not, designate who should be your funeral agents, indicate whether you wish to donate your organs, gain understanding of how funeral and other post-mortem actions are taken, have your beneficiaries potentially save on taxes, and the many other benefits too numerous to list here.
Like many things in life such as car and life insurance, an estate plan serves as a safety net against a wide variety of unexpected and unfortunate life circumstances that can fall on any family.
Without proper estate planning ahead of time, such tragic situations are worsened with potential probate or conservatorship proceedings and other invasive, expensive legal procedures.
Estate planning is not just about money and it is not just for the wealthy. It is for everyone who wants to provide a safety blanket and gain some peace of mind for those difficult times that we hope never arise.
Learn more about estate planning today: https://www.yuandyulaw.com/do-i-need-an-estate-plan
