Estate Planning Not Just for the Rich
July 1, 2008 5:43 am Basic Estate PlanningEstate planning is not just for those that are rich; it applies to the majority of us also. Simply put, there’s more to it that simply drawing up a will. It’s also a process to help make the proper arrangements for a person’s total assets to be protected for the sake of his family and loved ones. In our practice we make a point of helping our client’s also capture and transfer their intellectual, spiritual and human assets in addition to their financial assets.
Additionally, through proper estate planning, one’s estate can be protected from wasteful or irresponsible beneficiaries. These are all reasons to have an appropriate will and estate plan regardless of the amount of your wealth.
One of estate planning’s basic goals is to make sure your assets are transferred to your loved ones in the manner you wish them to be upon your death. If you do not have a proper estate plan in place, those who you wish to benefit the most could be left out, even if your wishes have been made clear during your lifetime.
