Estate planning is something most people dread but it is better to meet with an estate planner sooner rather than later. We cover why in this article.
The COVID-19 pandemic caused an increase in the number of 18-34-year-olds that have a will or estate planning document of any kind.
Have you ever worked with an estate planner? How do you find an estate planner in Delaware? In what ways can a certified estate planner help you with this process?
Health can change quickly and it is important to have the right legal documents in place for your loved ones.
Keep reading to learn about the reasons that you should meet with an estate planner sooner than later:
1. It Can Benefit You While You’re Living
The term estate planning can cause you to immediately think of life after you pass. While this is the overall purpose, it can have benefits to you while you are alive.
If you unexpectedly get into an accident and cannot make medical decisions of your own, your medical team will know how to proceed and who to consult if there are documents in place for this type of situation. Planning could help you get the care that you need and your power of attorney can make the decisions in your place.
2. Your Estate Planner Can Help Guide You
No one is ever truly ready to plan out the end of their life but we are here to help. Regardless of age, this is a choice you are making for your loved ones if anything happens to you.
We take care of all of the documents associated with estate planning and guide you along what needs to be done for this process. It can be stressful but is a much more enjoyable situation when there are professionals to help you.
3. You Can Provide Security for Your Family
Future generations can gain immense security through this process. Simply the financial assets can make a life-changing difference for your children or grandchildren. If you pass when you are young, or unexpectedly, the financial or medical bills could add up.
Leaving your family with clear instructions after you are gone can also alleviate any family fights over what to do with your estate.
4. Avoid High Taxes Later On
The low tax burden when transferring your assets to your beneficiaries is a big benefit of having an estate plan. The tax laws are always changing and it is important to consider what giving them property or an estate may do for their tax situation.
This is something that they won’t consider until they have to pay in and will be thankful if you can lessen this burden ahead of time.
Schedule a Meeting Today
Now that you have read more about the reasons that you should meet with an estate planner sooner than later, you can schedule a meeting today. This extremely important matter can be taken care of and not add stress to your life any longer. Visit our website for more details and check out our video blog.
