Fayetteville Estate Planning Attorney Answers Why Estate Planning?
This is just a quick overview of the main reasons everybody over the age of 18 needs an estate plan.
- Get a strong sense of peace of mind that everything has been handled
- Find a sense of accomplishment
- Make your wishes clear for the distribution of your estate and the management of your affairs
- Get clarity of your goals that often leads to a sense of peace
- Plan for your own needs. You need a plan to protect you and your property if you become mentally disabled, incapacitated, via accident, major medical incident, or dementia or can’t make decisions for yourself for any reason
- Prevent Probate – pass property to your heirs and loved ones without burdens or public scrutiny privately, securely, and quickly
- Protect your money during your lifetime
- Protect your rights during your lifetime
- Protect your affairs during your lifetime
- Protect children from themselves, financial predators, and creditors
- Protect children with addictions or special needs
- Protect spouses with dementia, special needs, or addictions
- Protect and provide for your spouse without dementia
- Reduce or eliminate capital gains and estate taxes
- Prevent unnecessary legal burdens for you and your family
- Avoid major messes