Reasons to Plan Your Estate
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Six Reasons to Plan Your Estate
With a Plan
Without a Plan
You decide who receives shares of your assets.
State laws determine who inherits your assets.
You decide how& when your beneficiaries will receive their inheritance.
The terms & timing are set by law. Your children could be left control of the estate.
You decide who will manage your estate.
The court appoints admin's to manage your estate.
You can reduce estate taxes & admin expenses.
Costs can be more, due to required expenses & taxes.
You select a guardian for your children.
The court appoints a guardian for your children.
You can provide for the orderly continuance or sale of a family business.
Financial loss and family hardships may result from untimely forced sale.