Who Needs an Estate Plan?

While there may be a misconception that estate planning is a luxury reserved for high net-work individuals, this couldn’t be further from the truth — everyone can benefit from having an estate plan in place. Estate planning not only provides a peace of mind knowing that your loved ones will be provided for after you pass, but can also help make clear certain decisions that must be made should you fall ill and be unable to make those decisions for yourself.

Benefits of having an estate plan

  • Ensuring that your property passes to your intended beneficiaries;
  • Helping avoid the time, expense, and hassle of probate/succession;
  • Asset protection;
  • Naming a guardian for your minor children;
  • Providing care for your pets or livestock;
  • Ensuring financial responsibility of your heirs;
  • Naming someone to make medical and financial decisions in case of your disability or incapacity;
  • Deciding the kind and duration of medical treatments you will receive should you not be able to make them for yourself;
  • Minimizing taxes.

Don’t wait until it’s too late

Without proper planning, your estate will pass intestate, meaning that the default state laws will dictate who makes medical decisions, who can make financial decisions, and who receives your assets when you pass away. Don’t leave anything to chance. Contact St. Romain Law today to schedule a free consultation to discuss your estate planning needs.

Learn more about the different types of estate plans St. Romain Law can help you with.