3 Things The Government Doesn’t Want You To Know About Your Estate Plan

Keep In Control Of Your Legacy

Why it is important to plan your estate

Planning your estate is important for a number of reasons. First, it is the only way to ensure that your assets go where you want them to go. Second, it will help avoid disputes among your family members. Third, it will provide you peace of mind and security in knowing that everything has been taken care of. All of the above will keep you in control of your legacy and the government from being involved in your estate planning. Without you taking control of your own plan you risk the government taking control of your assets. 

The most important thing to know about estate planning

An estate plan is the process of arranging your financial and personal affairs before you die. It includes the preparation of a will, trust, power of attorney, advance medical directive, and other documents to ensure that your assets are distributed according to your wishes.

The government does not want you to know that there are a lot of benefits to having an estate plan in place.

As people age, they start to think more about their mortality and the legacy they want to leave behind. One of the most important decisions you will ever make is what's going to happen with your assets after you die.

Having an estate plan in place can help to reduce taxes. One of the main benefits is that you can save on death taxes and probate costs. The plan will do this because it helps to transfer your assets at your death directly to beneficiaries, which helps avoid probate costs and reduces estate taxes.

What things should you consider when getting an estate plan?

In order to make sure that your estate is well-organized, you should consider getting an estate plan. Estate plans are often overlooked by people because they think that it is not necessary for them. However, this is not the case. An estate plan will help you make sure that your loved ones are taken care of, they have access to your assets when you die, and also that no assets get missed.

There are a lot of things to consider when getting an estate plan. These include how much does it cost for a will? What is included in an estate? How do I make my children my heirs? What happens if I die without a will? Do I need to hire a lawyer?

Educating yourself is key and getting the right help is essential. I have created a community to do just that. Join Generation Squared, the community where we do the inner work for outer success. Learn More. 


~Tenicia Moulden




Moulden Law Blog is made available by the lawyer for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site, you understand that there is no attorney-client relationship between you and Moulden Law. Moulden Law should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.



Previous
Previous

The 5 Steps to a Wealthy Mindset

Next
Next

A Step-By-Step Guide to Creating a Legacy Plan Made Simple: What You Need to Know