Posted By: Sean Brown
It is a normal reaction by human’s to push things off till they absolutely have to get it done. The problem is when is the time then to plan for your own death? The truth of the matter is many American families push off planning for what happens when the lights finally go out. The main form of planning for this is Estate Planning.
Estate planning is a basic setup for what will happen just in case. It usually includes, a will, assignment of power of attorney, and a living will. Basically it includes all the things you are not going to want to have to deal with if the worst should occur.
If you fail to draw a connection yet to real life, assume you pass away and you have a family, who will get your house. The truth is, it won’t go straight to your family, if nothing is written the government will take it over. Keep the government out of your life. No matter how big or small your income is, having an estate plan is necessary so that all your belongings stay in your family and don’t end up in an auction leaving your surviving family members with nothing.
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