3 Reasons to Plan Your Estate Now
By Solid Serenity Legal Solutions
Let’s face it. Thinking about and talking about our own deaths isn’t fun. Most of us put it off as long as possible.
But, delaying estate planning because you’re uncomfortable with the topic can cost you and your loved ones later. Here are 3 reasons to plan your estate now.
(1) To Get Organized
Do you know where your estate planning documents are? Do you know what estate planning documents you have? Do you know what your estate plan says? Have you updated your documents? Do your loved ones know where to find them if something happens to you?
Reviewing, updating, or creating your estate plan helps you get organized. When you get your plan in order, you have the opportunity to put all of you documents together in one place and share those documents with the people who need them when they need them.
(2) To Give Your Loved Ones Access
So much important information is stored online nowadays. Estate planning allows you to pool your passwords and electronic information for your loved ones to access when they need it. This will help ease some of your loved ones’ stress during the difficult times of when they need to help you with your finances and medical matters, or upon your death.
(3) To Decide Who Should Get What
When you don’t make a plan for your assets, the government steps in and makes a plan for you. Often, your plans will be very different from what the law says should happen to your property without a plan.
If it is important to you to decide who gets what, to protect your financial information from the public, and to decide who can make decisions for you when you are unable to make decisions for yourself, you have to have a plan in place.
Where to Start
In order to get your estate plan started, you have to get organized. You have to know what you have, where it is, how much it is, and what you owe to whom.