Why Don’t More Americans Have an Estate Plan?

Millions of American adults don’t have an estate plan , despite it being the only way to ensure one’s wishes are carried out after death. One of the primary reasons why so many adults are in this situation is because it’s assumed that one must be wealthy in order to visit an estate planning attorney in Tracy or Livermore. If you’re one of these millions of American adults, it’s worth your time to explore the many benefits of estate planning.

Document hinting at the need for Americans to have an estate plan in Tracy, CA

Estate attorneys do much more than just draft wills. They can create trusts, offer guidance on advance directives, and minimize estate taxes. With the help of your lawyer, you can make arrangements to manage your property during your life and after your death, and you can put a plan in place just in case you become incapacitated. If you have minor children, you can designate a legal guardian for them in the event that you die before they reach the age of majority. A comprehensive estate plan can make arrangements for family businesses, and provide for special needs dependents. In short, nearly every adult can benefit from visiting an estate planning lawyer to discuss future arrangements.