When thinking about the future, estate planning can help you and your loved ones minimize the probate process, reduce delays, and minimize the loss of privacy. An estate is the net worth of a person at any time. It is the sum of the persons assets, entitlement to property, and liabilities. Your estate can include real property, jewelry, land in foreign counties, and debts. Estate planning is the management of a person’s estate during a person’s life in case of death or permanent incapacity.
By creating a trust or a will, you can have your future wishes executed and relieve your family from many complicated steps. Estate planning is an important but is easily overlooked. According to CNBC, 67% of adults have no estate plan. This means if they pass away or face incapacitation, they are unable to voice their wishes and leave it up to their children to guess. This can lead to arguments between family and improper burial wishes.
Plan for you and your family, call for a free consultation today. Jennifer Gastelum Law is diligent an experienced in estate planning and can help you set your family up for the future.