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When thinking about your future and any long-term preparations and goals, estate planning should be a central part of those arrangements. Stuart R. Norman Jr. is an estate planning attorney with 40 years’ experience helping the Jewett City and Griswold, CT, area draw up wills, trusts, and other plans. Below, he shares three reasons why estate planning is so essential to both your future and your legacy.

The Importance of Estate Planning

1. Have Control of Who Inherits Your Assets

estate planningIt's understandable you'd want to take care of your family and make sure they are provided for after you're gone. However, without a will or other estate planning documents, the state decides who inherits your belongings based on intestacy laws. These laws may determine your assets go to people you do not want to inherit. For the sake of your loved ones and your own peace of mind, start your estate plans sooner rather than later.

2. Help Your Loved Ones Avoid Added Costs

The plans you choose can help your beneficiaries avoid costs after you're gone. The probate process, for example, can be long and costly—especially if you don't have a will—but you can design a plan that averts the need for probate. A revocable living trust is an excellent way to transfer ownership of property without probate interference.

3. Ensure the Care of Your Children

It's never easy to think about having to leave those we love and care for. But parents of minor children or children with special needs will want to guarantee their kids are lovingly cared for in the event of a tragedy. Estate planning lets you name your children's guardians and allows you to set up trusts and other financial arrangements that will make certain your kids are looked after.

Contact Stuart R. Norman Jr. to start exploring your estate planning options. To arrange a consultation for legal service, call (860) 376-0069 today, or visit their website for more information on the services they provide. Take the steps needed to protect your loved ones and your legacy, and call attorney Norman today.

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