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Understanding Estate Planning

Estate Planning

Estate planning is the act of managing your assets to bequeath to heirs upon your incapacitation or death. Most people have an estate, whether big or small and deciding on the best way to bestow those assets in the most effective way possible is of great concern to most of us.

Because there is so much to consider and understand about estate planning, it can feel overwhelming trying to go it alone, which in turn can lead to procrastination. Many people also feel like they cannot afford to pay for an attorney to create an estate plan for them. The reality, however, is that neglecting to spend the time and money on a valid estate plan means that the courts will make these decisions for you—usually to the detriment of your heirs through surprise taxes and fees that could have been avoided by taking the time to work with an attorney experienced in such matters.