“I don’t have an estate.” Yes you do!
When people hear the words “estate planning,” many think it doesn’t apply to them because they don’t have a sprawling mansion or a Bill Gates sized bank account. A recent article from Forbes explains why this simply isn’t true.
Your estate consists of everything you own, whatever that happens to be. So, if you have a vehicle or a bank account, you have an estate. Estate planning is just the process of formalizing what will happen with your assets after you’re gone. You have the right to decide who gets your assets and who is in charge of your estate (called a personal representative or executor). If you don’t formally make these decisions in your will or trust, the State will make the decisions for you.
If you want to exercise your right to decide what happens to everything you have worked so hard for, call our office today. We will help you ensure that your assets are protected and that your wishes are followed.