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Estate planning, the process of officially organizing the future
disposition of current and expected assets. That is estate planning
making a plan in advance and naming whom you want to receive the things
you own after you die. In short, it involves deciding on how you want
your assets to be disseminated after you die and who will be the
beneficiary of which is very essential for the wealthy who wants to
control the disposition of their assets after their death. Estate
planning is somewhat complicated, so it's best to consult a financial
adviser and a lawyer when making an estate plan. It is one of the most
important steps any person can take to make sure that their final
property and health care wishes are honored, and that loved ones are
provided for in their absence.
Why some people don’t plan to get an estate planning?"Some of you may be thinking that you don't have enough wealth to worry about estate planning. You have an estate if you own pretty much anything. Something as simple as owning a car or a home can be a problem if you don't decide who will receive it when you pass. If you don't have a will or a named beneficiary, then the probate process could be pure hell for your survivors. Make sure you do some estate planning today before things get complicated." – (quoted from http://www.huffingtonpost.com/david-a-dedman/why-we-avoid-estate-plann_b_6763860.html)
Interested and need help to have an estate planning? Contact me via email or call at 619-993-8873 or visit my website at Deen Law (www.deen-law.com) for more details.
