What are the benefits of estate planning?

What are the benefits of estate planning?

Estate planning helps ensure your assets are distributed according to your wishes, minimizes taxes, and provides for your loved ones.

Can it help avoid probate?

Yes, proper estate planning can help avoid probate, which can save time and money for your heirs.

What happens if I don't have an estate plan?

Without an estate plan, your assets may be distributed according to state laws, which might not align with your wishes.

How often should I update my estate plan?

It's advisable to review and update your estate plan every few years or after major life events, like marriage or the birth of a child.

What documents are typically included in an estate plan?

An estate plan usually includes a will, power of attorney, healthcare proxy, and possibly a trust.