As estate plan is a process of setting in place a plan to manage and distribute your assets upon your death.
Even if you do not have a will or a trust you still have a de facto estate plan. Your estate plan is just not one that you have selected but an estate plan that has been selected for you by the laws of the state you reside in. These are called the laws of intestacy.
Therefore, if you do not want the default estate plan, it is important that you take some time to think about who you want your assets to go to, what strings you want to put on the receipt of those assets and who you want to administer those assets as part of your estate plan.
Building an estate plan starts with a hard look at your assets, intended beneficiaries, family dynamics and values. As your assets, your heirs and your liabilities change, so should your estate plan.
At Paré Law, we sit down with you and listen so that we can build an estate plan that is personally tailored to you.