The Necessity of Estate Planning
Squaredaway.com, December 3, 2013
Let’s face it, estate planning is not a fun concept to ponder. Writing up a will is having to pick and choose who in your life is going to get your various assets, and it can’t always be done in perfect impartiality for all of your heirs. Because of all of these things, people have a tendency to continually put it off and make excuses as to why they haven’t done it yet. But make no mistake about it, it’s something that is absolutely imperative to get done if you don’t want any more hardship surrounding your passing than there already will be.
That being said, there are probably some things that you might not have taken into consideration when it comes to this uncomfortable task: What is the difference between a trust and a will? When it comes to your property, what is the difference between probate and non-probate? How can you avoid conflict between your children, or between your spouse and your children? Do I need to worry about Federal Estate Taxes? Do I need to appoint a power of attorney (did you know there are more than one kind)? Read the article at the link below to learn more of the things you need to know about estate planning.