Estate planning is a very important initiative a person can take to ensure their final healthcare and property wishes are honoured and their loved ones are still provided for during their absence.   Even though it is usually overlooked or downplayed in favour of other immediate needs, comprehensive estate plans can resolve plenty of legal questions that could arise upon death.    Estate is made up of all the property and individual owned when they died e.g. bank accounts, securities, real estate, personal property such as jewellery and life insurance policies.   Below are some advantages of properly drafted estate plans. Click this link to get started.


Estate plans ensure that even after you die, your family is still provided for. Without a good estate plan, families often get less of the deceased individual’s property, and it still takes them longer. Meaning that families get left in limbo, without enough finances to cover living expenses and bills. Therefore, to ensure your family is still provided for even after your death, it is necessary to have a comprehensive estate plan.


Without proper estate planning, your family can be left to bear excessive court costs and attorney’s fees, which needless to say waste the little or much you left behind. In the event of untimely death, without a proper estate plan, courts are charged with the responsibility of handling everything, from guardianship of the children, to dissolution of businesses and property distribution. All this is a very expensive process called probate, which easily exceeds USD10,000 for even the most modest of estates. All the costs involved in covering probate could have been used to meet other urgent necessity is instead of filling the pockets of an attorney. Visit this website to get started.


Comprehensive estate planning enables the family of the deceased to access his/her property much faster. Lack of a comprehensive estate plan could make a family weight 3-9 months until they receive anything from the deceased’s estate. Good estate planning on the other hand means a family can access all the funds they require to pay bills, pay for the funeral, pay any outstanding medical bills and cover basically anything else they require without delay.


Retirement becomes much easier with good estate planning. Even though many people associate estate planning with death, they can be very surprised to discover that estate planning could be of great benefit to them while they are still alive. One such area people can benefit from his healthcare, since estate planning ensures people are eligible for government benefits such as Medicare. Estate planning allows people eligibility to Medicare, something they have been paying for most of their working life, which significantly cuts healthcare costs for their loved ones.

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To learn more about estate planning, check out https://www.huffpost.com/entry/5-essential-steps-to-estate-planning_b_591b5f31e4b021dd5a828f87.