You might think an estate plan is an obligation reserved exclusively for the rich and elderly. However, it’s well worth the effort to create this legal document and specify what happens to your assets when you pass on–even if you aren’t part of the 1%. As any attorney will tell you, estate planning benefits people of all economic backgrounds and ages. Here, the professionals of Fillman Law Offices, LLC in York, NE, explain the process in further detail.
One of the most important functions of an estate plan is to prepare for the unexpected. Say you are in an accident that renders you unable to manage your affairs—or you die without a will. An estate plan will specify what happens to your assets and designate a power of attorney to sort out your affairs. Without this document, your estate may be subject to delays and excess fees.
Estate planning is especially important when children are involved, particularly minors and those with special needs. For example, it allows you to name caretakers and establish medical or Social Security benefits. An estate plan is also useful for blended families with multiple marriages.
Ultimately, an estate planning attorney will establish financial security for the future of your loved ones. The plan can touch on all kinds of assets, from business ownership to retirement accounts. With a well-drafted estate plan, you can keep as many assets in the family as possible, and money will go exactly where you want it to.
Need an attorney in the York, NE, area? Consider Fillman Law Offices, LLC. This full-service firm has been helping clients attain the outcomes they deserve since 1958. Their high-quality legal services are rooted in the personalized care and attention they give every case. Find out more about their practice areas—from wills and trusts to real estate law—online. For an appointment to discuss your needs directly, call (402) 362-3618.