Do you have children or family members over age 18? Do you have a significant other?
Most peopleâs idea of an enjoyable activity is not planning and thinking about their estate and family after their passing from this earth. However, oftentimes it is a very simple and inexpensive process that can save your family time, money, and headaches in the future. Estate planning is vital for everyone, not just the wealthy. If you are married, have a child who is less than 18 years of age, or are nearing retirement an estate plan is a necessity for your family.
With proper estate planning documents, you can help determine who will manage your financial affairs after your death or who will raise your children. In the event you do not have these documents, the court will make these decisions for you, which may not reflect your wishes. This is why proper estate planning is critical.