Estate planning might not always be at the top of your mind. However, it's one of the most important steps you can take to protect your family and assets. In 2008, the House of Representatives established National Estate Planning Awareness Week to promote the importance of proper estate planning. The initiative takes place every third full week of October and encourages people to consider their future and the legacy they want to leave behind.
Many people put off creating an estate plan, thinking it's only necessary for the wealthy. However, estate planning is something everyone should consider, no matter their financial situation. Without a proper plan, families could face difficulties, delays, and legal challenges when it comes time to distribute assets or make decisions.
Having an estate plan means you control how your assets are passed on rather than letting the state decide. It also allows you to choose who will manage your finances and healthcare decisions if you cannot do so yourself.
If you have any assets – from a house to a savings account – or if you have children, it's time to start thinking about your estate plan. Life is unpredictable. Having a plan in place ensures that your wishes will be honored. Estate planning can help with more than just financial matters. It also allows you to name a guardian for your children, choose who will make medical decisions on your behalf, and specify your end-of-life wishes.
Without an estate plan, the distribution of your assets is left to state law. This could mean your property goes to someone you didn’t intend to benefit, or your family will face delays and legal costs to sort things out. It can also create tension among loved ones, who may disagree about how to handle your affairs. Taking the time to plan ensures your family can avoid unnecessary conflict and confusion.
National Estate Planning Awareness Week is a great time to start thinking about your own plans or update the ones you already have. Consider these simple steps:
Hosting or attending an event during this week is also a good way to learn more about the benefits of estate planning. Many local groups and estate planning councils offer community outreach events and information sessions to help you get started.
At a minimum, your estate plan should include the following:
Estate planning is an essential step to protecting your family’s future and ensuring that your wishes are honored. National Estate Planning Awareness Week is the perfect opportunity to start or update your estate plan. At The Werner Law Firm, our knowledgeable trust attorneys can guide you through the process of securing your legacy.
If you have any questions, schedule a free appointment with us through our online appointment page.
You can also read reviews from some of the hundreds of clients we have helped over the years.
Reference: National Association of Estate Planners & Councils (NAEPC) “National Estate Planning Awareness Week Information”
Founded in 1975 by L. Rob Werner, The Werner Law Firm and our dedicated attorneys are available for clients, friends, and family members to receive the legal help they need and deserve. You can trust in our experience and reputation to help navigate you through your unique legal matters.
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If you’re looking into taking care of your estate planning, we urge you to schedule a free initial appointment today and join the many satisfied clients who have contacted Werner Law Firm.