It is often a major hurdle, mentally, for people to get over the concept of scheduling a consultation with an estate planning attorney. This is most often because they are not aware of the various benefits of putting together an estate plan or assume that estate planning doesn’t apply to them. However, if you have any assets including a brokerage account, a savings account, a house or a 401(k), it’s crucial that you take steps to think about how these will be distributed when you pass away.

To begin thinking about an estate plan, you need to consider that more than $30 trillion in non-financial and financial assets will be passing from baby boomers to their heirs. Even if your intention is to leave these assets directly for your children, bear in mind that not everyone may be good with such a large amount of money and there are certain precautions that you can take to ensure that these problems are avoided. Furthermore, even basic estate planning can benefit people who do not have many assets or a large estate because a will is a place where you can stipulate who will become the guardian for your minor child.

Other estate planning tools may not accomplish this important goal. Furthermore, many people are caught unaware when a sudden disability or death of a loved one leads to questions about proper estate planning. These unfortunate situations can serve as a learning opportunity to figure out what you can do to avoid your family members having to go through the same or similar situation. Find a Pasadena estate planning lawyer today.

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