Wednesday, January 28, 2009

Estate Planning; What I learned


When I first received the subject of Estate Planning, I was not entirely sure just what the topic meant. Estate planning is what a person engages in while they are making out a last will and testament. They determine what will happen to all of the assets they own and who will benefit from such assets. Therefore, estate planning is extremely important, if you want to leave specific individuals your assets, like your home, your vehicle(s) or any form of money, you will need to write a legal will and indicate your selected beneficiaries. Estate planning can be viewed as scary, or maybe even paralyzing. Even if you don’t own many assets, if you are the kind of person that wants to have a say for the things that they have worked so hard for their whole life, estate planning is for you. Creating a will can’t be done emotionally, but should rather be done slowly and thoughtfully.
Everyone has a unique situation, and everyone will have different thoughts/aspects of their will. While working with your attorney, you may have to answer close family questions that you may not feel comfortable answering. Choosing an attorney that you trust and are comfortable with is essential to creating the best possible will.

Created by: Joseph Owen

No comments:

Post a Comment