The Benefits of Estate Planning
May 25, 2021
Trust Our Experienced Estate Planners Serving Lockport, NY
Estate planning is the process of anticipating and arranging, during a person’s life, the management and disposal of that person’s estate in the event of incapacitation or death. That means the division and distribution of your assets if you are either incapacitated or dead. We understand that this is not something people generally want to talk about or think about. However, estate planning has many benefits including the following:
1. Provide for your family
Estate planning gives you the ability to leave enough money for your surviving spouse to care for the family.
2. Ensure assets go to the correct beneficiaries
Your estate plan lays out exactly who gets what. This leaves no questions for courts in deciding which family member gets what assets.
3. Eases the burden on your family
Your family will know exactly what you want in terms of funeral arrangements. You can even set aside money to help pay for your funeral.
4. Reduce estate taxes
Properly planning your estate with a lawyer helps you minimize the amount of estate taxes your family would have to pay. This maximizes the amount of money your family receives.
5. Support your favorite charity
As part of your estate plan, you can designate a portion of your money or assets to a charity or cause you support.
Contact Our Professional Estate Planner Today
Using a professional estate planning service guarantees that your estate plan not only has all your wishes included but that it is a legal document. Nathan D Pace PC has the experience and knowledge to help you with all your estate planning needs. Contact us today to get started on your estate plan!
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