Have you taken the time to evaluate your estate?  Do you know your net worth?  Have you thought about what would happen to your finances should you become incapacitated or pass away?    Who will take care of your children if you are not able to?

Many of us try to avoid such thoughts or questions as they can bring about anxiety and worry.  Some of us may be fairly young and still believe we have a lot of living left to do. Some just do not believe they have the time or resources to invest in estate planning.  What is important to note is that:  estate planning is necessary throughout your life, and once you begin the process, it becomes easier to maintain over time.  At Essential Legal Services there are a few main points I share with my prospective clients:

Planning for your incapacity and/or death is one of the most loving gestures you can do for those you hold most dear.  Many of my clients are motivated to begin their own estate planning when they witness a person close to them who has failed to plan. The real life consequences and hardship this creates for their friends, family and companions can be quite stark.

Estate planning is an ongoing process that should be managed throughout your life.  Many clients believe that by drawing up a few instruments that they are good to go…forever!   Pay attention to the following events: marriage, birth of a child, divorce, death of a loved one, changes in investment opportunities and risk exposure; these events often trigger updates to your plan.

The most basic estate planning tools are simple and fast to create.  A basic will and durable power of attorney are simple, fast, and are meaningful ways to begin planning, especially if you have young children.  A living trust provides a mechanism to avoid probate.  A Nevada asset protection trust can be included once you begin to accumulate wealth throughout your lifetime.

There really is never a “right” time to begin.  If you have an individual in your life who you would like to protect and/or you want to determine how your assets are used and distributed upon your death, then there is no time like the present.

Remember, if you fail to take charge of your own estate plan, the State in which you are domiciled upon your death will distribute your assets on your behalf under the laws of intestacy and it may not be what you ultimately desire.

NOTICE:  The information contained on this Blog is designed to enable you to learn more about the services that Essential Legal Services offers to its clients. These materials do not, and are not intended to, constitute legal advice, nor are they intended as a source of advertising or solicitation. Your use of this Blog does not create or constitute an attorney-client relationship. You should not consider these materials to be an invitation for an attorney-client relationship. Further, you should not rely on the information provided on this Blog without first obtaining separate legal advice.

14 replies added

  1. movie online January 31, 2021 Reply

    Thanks for the marvelous posting! I genuinely enjoyed reading it, you will be a great author. I will be sure to bookmark your blog and will eventually come back very soon. I want to encourage you continue your great writing, have a nice morning! Gisella Adham Zipah

  2. dublaj February 9, 2021 Reply

    Piece of writing writing is also a fun, if you be familiar with then you can write otherwise it is difficult to write. Erica Buck Virginie Francine Nikola Tiff

  3. yabanci February 9, 2021 Reply

    Hello there! I simply would like to give you a huge thumbs up for the great information you have got right here on this post. I will be returning to your site for more soon. Anet Perceval Hoxsie

  4. amateur February 10, 2021 Reply

    Im obliged for the post. Really looking forward to read more. Want more. Josephina Marten Coreen Lorain Tait Balkin

  5. diziler February 10, 2021 Reply

    But studies on the effectiveness of marijuana have had different results. Albina Reamonn Tandie

  6. erotik February 11, 2021 Reply

    A person necessarily help to make severely articles I would state. This is the very first time I frequented your web page and thus far? I surprised with the research you made to create this actual publish extraordinary. Fantastic task! Darlene Griffy Alex

  7. indirmeden February 11, 2021 Reply

    Thank you for sharing excellent informations. Your web site is very cool. I am impressed by the details that you have on this web site. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for extra articles. You, my friend, ROCK! I found simply the information I already searched all over the place and simply could not come across. What a great website. Willyt Drew Hesta

  8. turkce February 11, 2021 Reply

    How about you don;t have a reason to get up? Do you still get up early? Bathsheba Sheridan Branch

  9. erotik February 12, 2021 Reply

    Asking questions are really pleasant thing if you are not understanding anything totally, however this post presents nice understanding even. Prudence Tobit Edmond

  10. indirmeden February 12, 2021 Reply

    Whats Going down i am new to this, I stumbled upon this I have discovered It positively helpful and it has helped me out loads. I hope to give a contribution & aid different customers like its aided me. Good job. Lona Ado Jobina

  11. erotik February 13, 2021 Reply

    I really love your site.. Pleasant colors & theme. Did you create this website yourself? Please reply back as I Britta Berkeley Vergne

  12. turkce February 16, 2021 Reply

    Everyone loves it when people come together and share views. Great website, keep it up! Gaylene Quillan Hunfredo

  13. turkce February 16, 2021 Reply

    Thankfulness to my father who told me about this webpage, this website is really awesome. Janeen Matias Katya

  14. turkce February 16, 2021 Reply

    Congratulations Zakiyyah! Many blessings to you and your family. Vyky Janek Ellersick

Leave your comment