4 Reasons Estate Planning Is So Important
It appears that many people spend more time picking a vacation destination, a car to buy, or even a restaurant for supper than they do creating an estate plan, which determines who will receive their assets after they pass away. Choosing who will receive all you've worked so hard for without estate planning may not be as amusing to consider as arranging a trip or reading restaurant reviews. Not just the wealthy engage in estate planning. Even if you don't have an expensive property, sizable IRA, or priceless artwork to leave behind, the handling of your affairs after your passing could have a lasting—and expensive—effect on your loved ones without a plan in place. Not persuaded that having an estate plan is essential? Consider these four arguments in favor of having one to protect your heirs from possible disastrous outcomes. 1. An Estate Plan Protects Beneficiaries: If estate planning was originally seen to be something that only wealthy people required, that is n