4 Reasons You Need an Estate Plan

You never know when life can throw you a curveball. Due to life’s uncertainty, it’s essential to have an estate plan in place for when you pass. An estate plan makes it easier for your relatives to carry out your wishes and provide you with peace of mind.

If you’re ready to plan your estate, it might be time to make a call to one of the most experienced estate planners Mission Viejo CA has to offer. If you’re still on the fence about drawing up an estate plan, you should consider the following reasons for doing so.

Avoid Probate

An estate plan will ensure that all parts of your estate will be distributed as intended. If you don’t clarify who should get what, your estate will enter probate, which means you can’t be sure the people you leave behind will inherit the things you intended them to.

Healthcare

An estate plan is a great way to outline what type of end-of-life care you want. Assigning a power of attorney through your estate plan will help make sure your voice is still heard if you cannot advocate for yourself.

Designate an Executor

All wills need an executor in order for the decedent’s wishes to be thoroughly carried out. An estate plan is the best way to identify who you want to take responsibility for dividing all your assets after your death.

Guardianship

The last thing you want is for your children to end up in the foster care system, which can happen if there’s no guardian designated in your will. If you have children or other dependents, your estate plan is the best way to ensure their well-being if you pass. 

No one likes to plan for their own death, but if you have a lot of assets or dependents, it’s important to make it easy for them to know your wishes once you pass. So be sure to consider the reasons listed here when you think about calling an estate planner.

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