You are not alone if you do not have a will or an estate plan. According to AARP nearly 60% of Americans do not have a will or completed estate plan. But being in this situation could put you at risk for scams, family conflict, and future legal battles.
Having a valid estate plan is more than just having a Will. Commonly an estate plan includes: a Will, Powers of Attorney, Living Will, provisions for special needs children, guardianship instructions for minors, and possible a trust.
A common misconception is that only the elderly need an estate plan, and this is simply not true. Accidents happen every day to all ages – some are minor while others may be significant. Unless you have made certain arrangements or emergency planning legal documents (such as a living will or power of attorney) your family could face tough decisions about your medical care. If your family does not agree this could even cause a legal battle as to how you should receive medical care.
To prevent undue hardship and legal expenses on your family it is best to have a full estate plan which outlines your wishes. Your family will thank you for taking the time to outline your intentions so that when the time comes they can focus on you not on what they think you would have wanted.
We offer affordable Estate Planning packages to meet your needs. Prepare now so you do not have to worry about the future.
Contact us today to get started