Whether you are approaching retirement age or are simply thinking about your family’s future finances, estate planning is something that should be at the top of mind.
Why is this? Ultimately, it comes down to this simple fact. Estate planning can go a long way in preserving your wealth while minimizing potential tax payments.
Especially if you have created significant wealth in your life, estate planning can ensure that your family sees the monetary rewards of your hard work. This occurs through things like wills, trusts, beneficiary designations, and more. Working with your estate attorney, you can protect your chosen beneficiaries, protect your assets, and avoid probate. Even if you already have a will, developing an overarching plan for your estate can be extremely critical in reducing estate taxes and delivering assets to your chosen beneficiaries. To put it another way, an estate plan lets you distribute your assets on your terms, compared to laws and guidelines enacted by the government.
So clearly, there are monetary benefits to estate planning. Along with this, one of the key purposes of estate planning is peace of mind. Developing a comprehensive and well-thought-out estate plan reduces your stress and anxiety. You can be absolutely sure that your beneficiaries are cared for according to your specific intentions.
These monetary and emotional benefits are the twin engines of estate planning. Working with an estate attorney ensures you get the best of both worlds. Your attorney has the expertise and knowledge to help create a custom estate plan and to answer any questions that you may have. Whether you are interested in working with our estate attorneys or have any questions about the estate planning process, don’t hesitate to contact us.
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C. Alvarez Law
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