Estate Planning with Legacy Assurance Plan

It’s important to understand that the term Estate Planning is universal in its meaning. It literally has various meanings to different people based on unique circumstances or experiences. Nonetheless, at its most basic, estate planning involves the process of planning for one’s incapacity and/or eventual death. But don’t be fooled, estate planning involves much more than just having a will. A will is simply not enough to protect you from the legal processes of probate, guardianship and Medicaid qualification.

Avoid Probate

While many in the legal profession believe probate is a fundamental and necessary part of the estate distribution process, others feel it should be avoided at all costs, citing that it’s outmoded, slow, expensive and simply unnecessary in today’s “information age.”

Estate Planning

Today there are a multitude of legal instruments and tools that can be used for estate planning: wills, living wills, powers of attorney, trusts, deeds and beneficiary designations, to name a few. When you create a plan with Legacy Assurance Plan, you get to decide the best way to carry out your legacy.

Last Will & Testament

Nationwide, approximately 60-70% of Americans have no estate plan. No last will and testament, no trust, no legal documents whatsoever. If you are one of the 30-40% that have an estate plan, chances are you have only a simple Last Will and Testament. You probably also think that’s sufficient for your situation. However, is it?

Estate Planning: 5 Important Questions

Take a few minutes to test your knowledge about the importance of estate planning.

Importance of Planning

Estate Planning is one of the most important aspects of ensuring your care and your assets are handled in a manner of your choosing. It is too late to make these types of decisions once you are incapacitated or no longer here. Without the proper planning those you care for will be left to prove your wishes to a court. If you have someone in your life that physically depends on you for everyday activities, what will happen when you are no longer here? Wouldn’t you rather know that they will be taken care of? Request your copy of  “Importance of Planning Guide” today for more information.

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