Why You Should Not Delay Establishing Your Estate Plan

Why  You Should Not Delay Establishing Your Estate Plan

Can You Afford to Postpone Your Estate Plan?

Should you postpone Estate Planning because you think it is too complicated, too expensive, or not necessary? Estate Planning doesn’t have to be difficult and it should not be complicated.  An average person should have an Estate Plan that is easily understandable and doesn’t break the bank. A well-thought-out plan allows you to express your wishes and protect your loved ones after you are gone. It helps your heirs avoid a lengthy and expensive probate process, and reassures loved ones their security, stability and peace of mind. 

Despite the initial expense of engaging an attorney to design and draft these important documents, a well-designed Estate Plan will save money and time in the long run. Without an estate plan, your heirs will be left to endure the lengthy, time consuming, stressful probate process, which, by the way, entails costly court and attorney fees throughout the process. At First Class Counsel we design Estate Plans unique to your needs which include A Living Trust, Pour Over-Will, Durable Power of Attorney for your finances, Health Care Directive for your health and your Last Wishes laid out in detail for you and your family’s peace of mind.

The most common Estate Planning myth is that the typical family does not have an “estate.” An estate refers to things you own, such as your home, cars, jewelry, bank accounts, etc. Establishing an Estate Plan not only provides direction, but offers guidance for your loved ones during a difficult time. An Estate Plan ensures that:

  • Your finances are managed if you become incapacitated
  • Your decisions regarding health care will be carried out as intended
  • Children and other heirs will be cared for
  • Your last wishes will be followed as intended

Estate Planning is important and urgent. An Estate Plan is important for people of all ages. A comprehensive Estate Plan includes documents to address healthcare needs in case you become incapacitated, it allows financial obligations to be addressed if you are unable to do so in case of disability (short- or long-term). Most importantly, these very important documents express your wishes as to who should care for your children when you are unable to do so yourself. It should feel urgent, because an Estate Plan is an invaluable gift to your loved ones.

Contact First Class Counsel today to learn more about our Estate Planning Package.

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Andrew Davis Jul 19, 2021

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