No doubt you have heard the expression “knowledge is power.” This expression captures two important benefits of Estate Planning. With Estate Planning for your lifetime, knowledge of how to protect your assets and who will make financial and healthcare decisions if you become incapacitated empowers you to put people you know and trust in charge of these important responsibilities now. You can rest easy knowing that critical decisions affecting your finances and health will not be in the hands of strangers or untrustworthy others.
Similarly, knowledge before you pass away of what your assets include, and the options for distributing your assets to your loved ones, friends, or charitable organizations puts the power in your hands to ensure your preferences are honored after you are gone.
A well-prepared Estate Plan allows you to accomplish these crucial life and death decisions.
Elizabeth Savage is an experienced estate planning attorney with more than 26 years of experience. She began her current practice in 2014 after 22 years in commercial and securities fraud litigation. You will be in good hands.