Did You Know You Were Born With an Estate Plan?
You may not know it, but you were already born with an estate plan. It just might not be the right one for you, which is why you don’t have to be a millionaire in order to need a will.
All states have a framework that dictates how your cash and belongings ought to be distributed when you die. These are known as intestacy laws. Generally, under these laws your estate will pass to your closest living relative: your spouse, your kids, your parents and your siblings.
These laws also state how assets are divided among your family members in a certain way – but this may not be the way you want to divide your assets. That’s why you need a will.
Even if your wishes are very specific or what the state already allows, having your own estate plan in place will make it easier for your loved ones as it will eliminate the need for the state to be involved, and you may also be able to avoid probate court.
If you don’t want the state to make the final decisions on your estate plan, contact us today to make sure you have your wishes in place .