19th Jul 2013
If you’re one of those who think that estate planning is only for the very rich or those with a lot of assets, you are totally mistaken. You may not have actually taken stock of what you own, but most people can be surprised by what they find. More important than the size of your properties, however, is the matter of keeping the peace in the family.
You don’t have to be a Bill Gates or a Warren Buffett, the two richest men in the US, to realize the importance of planning for the future. Just think of what would happen to all the properties you acquired when you’re no longer able to manage them. Wouldn’t it be better if what you worked hard for while you were alive continues to benefit your loved ones?
Without proper estate planning, it is likely that your assets would get entangled in legal disputes from factions wanting to get hold of them. Worse, nobody might be able to make use of these properties in the process. However, if you develop your estate plan with the help of a competent attorney, you can ensure protection not only for your wealth, but also peace for everybody.