By Debra Verni, Esq.
For many people, mapping out an estate game plan is something they intend to think about later. But often, later never comes.
The reasons for not dealing with estate planning now may include not wanting to confront your mortality or create family conflict. Or perhaps you don’t want to discuss money with your heirs or give your wealth to certain family members you do not trust. For many, estate planning is simply viewed as something only “elderly people” need to do.
Despite all the reasons some people come up with to avoid estate planning, there are many benefits that make it worth the time, effort and money. Among other things, an estate plan allows you to:
1) Name someone to administer your finances and make medical decisions if you become incapacitated.
2) Name a guardian for your minor children.