Preparing an Estate Plan
There are plenty of reasons why many of us have procrastinated in putting together a will or estate plan. Perhaps the single biggest reason is that “life gets in the way.” Days are packed with commitments to job, family, school, church and community. There are too many other things that have to get done today.
If you have been “too busy” to give serious thought to a will, you are not alone. Almost 60% of American adults lack a basic will. One of the most important reasons for a will is to make certain provisions are made for the care of your children who are minors, while also making financial provisions for your family, picking someone you trust to oversee your estate, outlining any specific wishes on the distribution of your assets, and supporting your favorite charitable organizations. Now is the time.
Everyone’s circumstances are different, but there are a few things that almost everyone should consider when planning their estates:
1. If you have minor children, select a guardian. Custody of minor childre