Many residents in the Kent area have taken the time to create an estate plan for their family. They understand the importance of having this done to make sure their wishes are followed and their family is not left with a tremendous burden. Creating an estate plan is important, but mistakes can be made.
Now that the holiday season is upon us, many families will have the opportunity to spend time together. Most people will say that spending time with loved ones is one of the best parts of the holiday season. While families gather this holiday season in the Kent area, estate planning may be a good topic of discussion.
Unfortunately, many marriages in the Kent area do not last forever. When a person gets divorced, it can affect many aspects of their life, including their estate planning. For those who have gone through the divorce transition, it is important to evaluate an estate plan and make sure it is updated for the new period of a person's life.
Many Kent area residents have taken the time to create an estate plan. There are many reasons why an estate plan is essential for all families and we'd like to take the time to review a few important estate planning steps.
Kent area residents should understand that estate planning is not just for the older generation. Although many people assume that those who have a great amount of assets or are approaching the end of their lives should have an estate plan, estate planning is actually for everyone, millennials included.
Many Kent area residents support their favorite charities. Charitable giving is an important concern for many people, and the ability to incorporate this into an estate plan is something that many people are interested in. Bequests in a will are a popular form of supporting a charity after death.
Although many Kent area residents understand the importance of having an estate plan, nearly 60% of Americans have not taken the time to create one. Many people think they don't have enough assets to worry about creating a plan, but there are many reasons why having an estate plan is important.
Having a will means that upon a person's death, their estate will usually be handled according to their wishes. When a person dies without a will, their estate enters probate, where there are bound to be family members arguing over it. Many Kent area residents understand the importance of a will, but there is still a large percentage of Americans who haven't taken the time to create one.
Many Kent area residents understand the importance of estate planning. Estate planning is a way to control what happens after a person dies and it ensures assets are passed on in the way in which a person wants. Estate planning can also help with important power of attorney designations and health care instructions. With all the advantages an estate plan offers, baby boomers should ensure theirs is in place.
Estate planning is not usually the most exciting thing for a Kent area family to work on. No one wants to think about what would happen to their assets, their children, etc. after they pass away. But, when a family does not take the time to create an estate plan, problems can arise upon their death. Having a will is one of the most important things a person can do for their family.