Have you ever said or overheard someone else say I do not need a Will, Power of Attorney or Advance Care Directive? By not engaging in estate planning you are allowing laws enacted by the legislature to make your decisions.
Because “the talk” involves not one but two things we’re often uncomfortable discussing – money and death – many of us put it off or never have it at all, and that’s a mistake. Making your expectations clear can help your heirs to avert a good deal of discord, or even litigation, after you’re gone.
Failing to name guardians for your children in your will can lead to custody issues that could easily have been avoided by simply taking the time to decide who you want to take care of your minor children in the event of your death.
A well-planned estate will ensure that your parent’s wishes are carried out as well as making sure that they receive the best care possible without putting a financial strain on them or other family members.