Wednesday, July 6, 2016

Estate Planning - Make Future Arrangements For Yourself & Your Family

There are many excuses that people can use to forgo estate planning. After all, you're not going to be there after you die, right? Life is busy enough as it is, and why does anyone want to think about death? Refocus your thoughts on Austin estate planning lawyer towards your family and how you want to protect them after you're gone. Maybe you've taken a look at life insurance already for that same reason, but it's time to take things a step further. 

You want to be sure that you have started with your estate planning efforts in order to protect your assets and leave them to the right people. Do you really want everything you've worked so hard for to be distributed by the state? 

If you were to take a guess at how many people have drawn up a will, what would you guess in terms of percentages? In America, that total is approximately 33 percent, which is a far cry from being the majority. This means that most Americans are not prepared when it comes to estate planning. Moreover, a will is just one of the first steps people think about, and that doesn't include the rest of the estate planning process. 

That being said, what percentage of people do you think have completed the estate planning process? It would be much less than 33 percent, that's for sure. Estate planning isn't just about helping your family after you're gone by the way. It also has everything to do with people helping to make medical decisions for you and pay your bills in the case of you not being able to do so yourself. After recognizing how important estate planning is to everyone involved in your life, you shouldn't be putting it off any longer.

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