When it comes to getting accurate financial advice, there are many different factors to consider. It’s easy to become overwhelmed in thinking about how your current finances could influence your future and all of the different details and questions that you should ask in preparing for a comprehensive financial picture.
A recent study from Northwestern Mutuals Planning & Progress Project found that Americans are more likely to consult with themselves rather than turning to a financial advisor. That study found that up to 65% of Americans don’t work with a financial advisor at all and nearly 30% of respondents said that the person that they trusted for financial advice the most were themselves.
Financial planning doesn’t just answer important questions about how you’ll take care of yourself and your loved ones. Don’t neglect to ask and answer these important financial questions so that you can ensure that all of your bases are covered and you have peace of mind around your own estate planning options. A consultation with a lawyer can help to clear up any areas of uncertainty.
We know that it can be hard to think about your finances and your estate plan working together. But trying to handle your estate plan on your own can quickly become overwhelming. In a worst-case scenario, there’s no plan at all or your loved ones are left scrambling in probate. Some might not even receive the assets you intended for them to have. Allow our Pasadena, CA estate planning lawyers to stand by and support you when it comes to creating a comprehensive estate plan.