What is Estate Planning?
Someone’s estate includes all assets of any value that you own, including property, business interests, investments, insurance proceeds, even your personal effects and household items.
Estate Planning is creating a plan for managing your assets and property while you’re alive and distributing them after your death.
Benefits of Estate Planning
The benefits of estate planning include eliminating or minimizing the delay and expenses of Probate, which is a long, cumbersome, and very public process, eliminating or minimizing estate taxes, providing a smooth transition of assets to your loved ones, protecting the assets you leave to loved ones from creditors, ex-spouses, lawsuits and, bankruptcy. Estate planning also allows for the management of assets when you are incapacitated, and it can provide temporary and/or permanent guardians for minor children, while keeping your financial affairs private. In addition to these benefits, there are so much more!
Who Needs Estate Planning?
There is a common misconception that only extremely wealthy people need to worry about estate planning; however, this couldn’t be further from the truth. EVERYONE needs a plan. Having a proper plan in place gives you control over who inherits your estate, protects your family and loved ones, and in the long run, minimizes expenses.
How are Estate Plans Carried Out?
There are any many ways that estate planning can be accomplished. The best method for you is dependent on your specific situation and goals. Some legal tools that may be used to carry out your estate plan include:
How can Childers & Associates help?
At Childers & Associates, we believe that estate planning is not one-size-fits all. There is no such thing as a “cookie cutter family.” You and your family are unique; therefore, your plan should be custom crafted to fit your needs and goals. When you work with our firm, you can be sure that we will provide you with the personalized attention and care you deserve. We are not interest in simply drafting documents, we work to build long lasting relationships with clients enabling us to provide our expertise to not only you but your loved ones when the time comes. Let the attorneys at Childers & Associate help you personalize, and organize a plan for YOUR estate. Call today 760-335-6881, for a consultation with one of our experienced attorneys at Childers & Associates.