Estate planning is crucial. Everyone has a plan. The $64,000 question is whether that plan is customized to carry out their wishes, or the plan will be determined by state law.
If you do not want your state's legislature determining who will be the recipient of your estate, your plan must be tailored to meet your wishes, and maintained. Even if you feel your estate is not large enough to necessitate a custom plan, remember that it is your legacy. You need to decide where it should go, not the government.
We all go through transitions in our lives. Each stage affects your estate plan. An article at Bankrate.com, titled 8 Life Stages for Estate Planning, outlines various stages your planning will go through, and provides some good food for thought. If you have never begun to plan, are entering a new stage in your life, or have an existing plan that needs review, make an appointment with one of Vogel Law Firm's competent, experienced estate planning attorneys today.
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