Estate Planning Academy Episode 6: Benefits of Estate Planning

Benefits of Estate Planning

Peace of Mind

  • Cliché
  • But, almost everybody that completes their plan uses these words
  • When completed, you can relax knowing that people you know and trust will be there for you and have the legal authority to help you without the need for court intervention and interference in your life
  • Keep you away from Adult Protective Services
  • Minimize hassles for your family like probate
  • Make sure your family is cared for the way you want

Protect Adult and Minor Children

  • Special needs
  • Addictions
    • Drugs
    • Alcohol
    • Gambling
  • Debts
  • Divorce
  • Disabilities

Protect Minor Children

  • Special needs
  • Keep children out of foster care (Child Protective Services) even for one night
  • Control the money and other assets so they don’t squander them
  • Choose guardians

Other Benefits

  • Provide for Charity
  • Get property to your family quickly and privately without court intervention or interference
  • Save your family from difficult decisions

Ease Burdens on Your Family

  • Prevent Probate – Keep your family (and you) out of court and keep your affairs private
  • Stop guardianship proceedings before they can happen
  • Prevent family in-fighting