“I’m still young…”
“I don’t have any children…”
“I already have a will written…”
“My assets aren’t large enough to be called an ‘estate’…”
The list of reasons goes on for why nearly 80% Americans have not set up their own estate plan. In fact, only about half of American adults even have a will written to describe their wishes for what happens after their passing. However, an estate plan is more than just a set of documents that designate how your assets are passed down. Having an estate plan in place has a variety of benefits that extend beyond simple inheritance and they take into account factors that wills ignore, such as comprehensive planning for your different assets, protection for your business, and what happens if you are incapacitated.
If you are certain that an estate plan is not for you, take a moment to read the following 10 reasons why you should reconsider:
Estate planning may not be right for everyone, but there are a significant number of people for whom an estate plan is immensely beneficial, particularly for those with children, mixed assets, or detailed wishes for their estate. For more information on how you can get started on creating own estate plan and to receive a free Estate Planning Review Session, visit www.providentialaw.com, email us at email@example.com or give us a call at (408) 560-7010.