Table of Contents

Is Probate Required if There is a Will?
When is Probate Necessary in New York?
Best Estate Planning Lawyers in Brooklyn: Why it is important?
Do I need an Estate Plan?
Pros & Cons of Revocable Trust
Estate Planning for a Married Couple: How to do it?
Estate Planning for Business: Why it is Important?
What is Estate Planning?
What does an Estate Plan include?
Is Estate Planning only for the Wealthy?
Estate Planning for Singles: Widowed, Divorced, and Never Married!
Estate Planning for Pets: Why it is important?
Estate Planning for Children: How to do it right?
Estate Planning Checklist: Important Guidelines & Details!
Estate Planning for Business: Why it is Important?
What Is Estate Planning?
What Does an Estate Plan Include?
Is Estate Planning Only For the Wealthy?
Estate Planning for Pets: Why You Need To Do It?
Estate Planning for Children
Estate Planning for Singles
Estate Planning Tips for A Married Couple
Do I Need an Estate Plan?
Estate Planning for Business
Estate Planning Lawyer
Periodontal Disease – You Might Have it and Not Even Know It
Why Hire a Professional Web Development Company
Home Theater Installation NY: Basic Advice is Offered
Cosmetic Dentistry – Powerful Technology Can Give You Your Best Smile
Learn How Dental Implants Could Help Your Dental Health
Periodontal Disease – You Might Have it and Not Even Know It
Kids Teeth Flossing: 5 Top Parents Questions
Tongue Tie Treatment – Pediatric Dentistry Brooklyn
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Thumb Sucking: Break the Unhealthy Dental Habit
Smile Makeover- a Fabulous Smile That All Will Envy
Oral Sedation Dentistry for Your Child
Child’s First Dental Visit: What Can You Expect
What Is Pulpitis and How It Is Treated?
Too High Filling: Why It Is Important to Correct
Top 3 Reasons You Shouldn’t Fear Root Canal Therapy
Cosmetic Dentistry- Powerful Technology Can Give You Your Best Smile
Best Option–Zoom Whitening in Brooklyn
Looking After Your Kid’s Primary Teeth
Teeth Whitening – an Incredible Look That’s Effective and Safe
Types of Toothbrush Bristles To Know for Better Dental Hygiene
Dental Implants – Today’s Long-Term Solution of Replacing Missing Teeth
Don’t Let One Missing Tooth Damage the Rest of Your Mouth
Don’t Let One Missing Tooth Damage the Rest of Your Mouth. Dental Implants
Happy Dental Visit in Brooklyn: Child’s Experience
Have You Heard About One-Visit Dental Crown?
Have You Heard About One – Visit Dental Crown?
Invisalign Teen Could Help Your Kid in Brooklyn
Teeth Whitening Treatment: Whiter Smile in Just One Hour
Professional Teeth Whitening for Safe and Effective Results
Crooked Teeth? How We Can Help You
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Learn How Dental Implants Could Help Your Dental Health
Is a Dental Implant Treatment Better Than a Bridge?

A lot of people are more interested in planning their vacation trips rather than estate planning. They think that estate planning is only for the wealthiest in the world. But these people couldn’t be more wrong. Estate planning is a most essential plan that should be included in everyone’s life. It is all about the safety and security of your family members even when you are not around. Thus, this article answers the evident questions as to why should you have an estate plan.

What Is Estate Planning?

Estate planning is the overall transfer of your assets to your loved ones. In estate planning, you can decide about the distribution of your assets among your loved ones, so that when you are no longer around, they can still be finically secure and independent.

Why Do You Need an Estate Plan?

Here comes the obvious question of this article. We know that people are struggling with this question and in the end, they think that they don’t need an estate plan. But that is completely a wrong conception. There are so many reasons why you need to have an estate plan. Some of these reasons are mentioned in this article.

Estate Planning Allows You to Make Your Own Choices

Through estate planning, you can choose who gets what. You can easily divide your assets according to your own choice. In the absence of any estate plan, the decision goes to the court. The court chooses who will get what amount of your assets. And this decision might not be in sync with yours. Most of the times the family members start contesting among themselves regarding the asset distribution. This makes the relationship within the family very bitter. Thus, you need to have proper estate planning to avoid such issues.

It Will Protect Your Children

With people having children, estate planning can be of great help. Just imagine that you do not have any estate plan and you die suddenly due to an accident. What happens to the future of your children? How are they going to survive? To avoid such situations you need to have a strong estate plan which will make sure that even after your death your children will be financially independent and they won’t be facing any troubles whatsoever.

You Can Reduce Your Taxes

A lot of your money can get eaten up due to taxes on your property. This can be easily avoided by having a good estate plan. You can consult your lawyers and financial counsellors regarding minimizing the tax and eventually if you come up with a well- structured will and estate plan, your heirs can be protected from paying this huge amount of taxes. Most couples go for this option to mitigate taxes.

You Can Continue Your Legacy

Estate planning is all about protecting the things and the people you value the most. By making a proper estate plan you will not only take care of your loved ones but at the same time, you can ensure the safety of all of your belongings. The assets that you have built through your hard-earned money need to be protected no matter what.

It Will Help in Business

For people who are running a company, or a small factor or a big organization. Estate planning is a must. This company needs to continue even after you are not around. Thus, you need to have an estate plan stating the power of attorney of your company so that after you are gone your company is well taken care of. In an absence of any will or estate plan, your company might be seized by the government or it might go in the wrong hands. Thus, you need to have proper planning for your business as well.

It Helps in Charity

It is not necessary that all of your hard-earned money has to go to your loved ones only. You can even donate an amount to charity if you want to. This can be done easily using an estate plan. You can include your favourite charity on your will in your trust and the share of assets you want to donate them.

Conclusion

Whether you are rich or poor, estate planning must be a top priority. And the best time to do it is now! Call us to setup your free consultation with an estate planning attorney to learn how estate planning can benefit you and your loved ones.

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