Blog

Let’s start by discussing something that might not always get the attention it deserves: estate planning! Many folks hear the term “estate plan” and think it’s only for the rich and famous. But I want to assure you that estate planning is essential for everyone, no matter your financial situation!

What is an estate plan? Simply put, an estate plan is a collection of legal documents that act as your “instruction manual” for managing your assets and responsibilities when you are unable to do so yourself, whether due to incapacity or death. While having an estate plan is not legally required, it is important. Without one, the government’s default rules will determine how your assets are distributed among your loved ones after your passing, whether you like them or not.

Creating an estate plan doesn’t have to be complicated. A basic plan typically includes a will or trust and designating medical and financial powers of attorney, along with a living will. It’s beneficial for everyone, including young families and individuals. Make sure you take the time to plan for your future today!