People come to planning with different priorities. The first priority that I see is that people want to be in control of how their assets are distributed, to whom they’re distributed, and when they are distributed.

Another reason that people come to planning and another priority has to do with cost. If you don’t have a plan, it’s likely that your estate will have to go through probate and probate is expensive when compared to doing planning in advance.

Another reason that people prioritize planning is that they want to keep everything private. If you don’t have a plan, it’s likely your estate will go through probate and everything that happens in probate court becomes a public record. So if you’d prefer to keep your financial information private, having a plan set up is the way to go.

If you have questions about planning, please click the link or the Contact Us page, and we can schedule an initial consultation:

https://criderlaw.net/contact/

The people who benefit most from planning are first, you, and second, your loved ones.

You benefit because you can establish who will make decisions for you if you become incapacitated and can’t manage your finances or can’t manage your health care. You’ll be able to decide who will make those decisions for you.

Your loved ones will benefit from an estate plan because you’ve left them detailed instructions on how you want your assets distributed upon your death. Estate planning is the ultimate gift that you can give to your loved ones.

If you’d like to discuss planning in more detail, please contact us on the Contact Us page:

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There are two general types of estate plans. The first is a will-based plan and the second is a trust-based plan. Under a will-based plan, the will is the foundation document and that serves to distribute your assets when you pass away.

Under a trust-based estate plan, the trust is the foundation document and it allows you to control your property while you’re alive and also distribute your assets and property once you pass away.

With a trust, you have a lot more control than you do with a will in terms of how your assets and property are distributed to who they’re distributed and when they’re distributed.

So if you’d like to be in control of your distributions after your death,and make sure that a court does not get involved with the distribution of your assets, then you need a trust-based plan.

If you have questions about planning and how to set up a comprehensive plan to protect yourself and your loved ones, please contact us on our contact page.

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A lot of people procrastinate when it comes to estate planning, and this is perfectly understandable. To fully engage with estate planning, you have to make some difficult decisions. You have to confront your own mortality and what might happen to you if you become incapacitated.

These kinds of thoughts and decisions can be scary for a lot of people, and it’s perfectly normal and natural to avoid things that scare us.

But estate planning is a great opportunity to express your wishes so that you and your loved ones are taken care of. If you’d like to talk about estate planning and what’s the next step in putting a plan together, please contact us at the link below:

https://criderlaw.net/contact/