Estate Planning is the process of organizing the control of your assets if you become incapacitated, or the distribution of your assets after your death.
Why should you have an Estate Plan?
Such a plan can be critical to:
Provide for and protect your loved ones.
Protect your assets.
Provide instructions for end of life care.
Get your affairs in order and to create a plan in case of death.
While unexpected events can arise at any time, proper planning can help to minimize the impact of those events and help you avoid leaving behind a disorderly and potentially disastrous situation.
There are many different types of "Estate Plans" ranging from complex Trusts to a straightforward Will.