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Melissa Deal, 

Legal Support Specialist
        July 7th, 2024

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June 17th, 2024

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Melissa Deal, 

Legal Support Specialist

Wills and estate planning are important because they protect you, your estate and your loved ones during your lifetime and beyondHere are a few more reasons to plan ahead and develop an estate plan.

  • Ensure your wishes are carried out after your death

  • Protect your family, your legacy, and your assets

  • Avoid expensive probate and estate taxes

  • Provide peace of mind to individuals, ensuring that their loved ones are taken care of according to their wishes.

Quick Overview: Will vs. Estate Planning

  • Will: A legal document that states who gets your assets after you die and who will be the guardian of your children.

  • Estate Planning: A broader concept that includes a will but also covers how your assets are managed during your life and after your death. It can involve trusts, powers of attorney, and healthcare directives.

A will is a great starting point. It allows you to clearly name who gets what when you’re no longer here. It also lets you decide who will look after your children, a decision no one should take lightly.

Estate planning, on the other hand, goes several steps further. It’s not only about what happens after you pass away. It also protects your interests if you become unable to manage your affairs during your lifetime. This comprehensive approach ensures that your assets are handled exactly how you want, both now and later.

These processes aren’t just for the wealthy or elderly. No matter your age or the size of your estate, having a clear plan can prevent unnecessary stress and conflict among your loved ones.

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