Unexpected events happen in life, and when they do, you have to be prepared. There is a huge misconception that a surviving spouse or child will automatically be in charge of important decisions and inherit everything when tragedy strikes. However, that is not true. It’s important to have an Estate Plan in place to minimize needless and expensive court involvement. Here are four questions to consider when setting up your Estate Plan:
- How can I manage and protect my assets to achieve a comfortable retirement?
- How can I ensure that my assets go to the beneficiaries of my choice?
- Who will manage my affairs and protect my assets should I become disabled or when I pass away?
- Who will care for my minor children should I become disabled or when I pass away?
By answering these critical questions, you will be able to create an estate plan that takes care of not only your needs, but your loved ones as well.