You probably read that Prince died without a will and that his heirs will be heading up to court to divvy up his estate. You may not have a $300 million estate, but here are five reasons why you should set up an estate plan now, says a story on jdsupra.com.
- It will be easier for family members to help you should you become disabled or faced with another medical crisis.
- It saves family members from playing detective and having to dig through shoe boxes looking for your financial information
- It can save time and money by forcing you to consolidate your accounts.
- It can ensure that your assets are disposed of the way you want rather than having a court decide.
- It can help you minimize taxes.
If you have questions about estate planning, feel free to contact us for a consultation at (626) 696-3145.