Estate planning is the process of organizing your financial affairs to ensure your assets are distributed according to your wishes after your death. While many associate estate planning with the wealthy, it’s important for anyone with assets, dependents, or healthcare preferences.
At its core, estate planning involves creating legal documents that outline how you want your assets handled after you pass away or if you become incapacitated. It can also help minimize legal hurdles, reduce taxes, and make sure your loved ones are taken care of.
Without a proper estate plan, your assets may be distributed according to state laws, which may not align with your preferences. Additionally, an estate plan helps avoid unnecessary court costs and legal disputes, making the process easier for your family. It also ensures that someone you trust is appointed to make financial or healthcare decisions if you become unable to do so.
If you would like more information or have decided it's time to get your planning done, give our office a call at 605-275-5665. We offer free consultations.