It may be very difficult for you to think about the need to plan for your incapacity or end of life. However, in both matters of your healthcare and assets, it is best for you to provide direction in advance. Doing so can help you avoid probate, save money on taxes and prevent your loved ones from having to make decisions based on what they think you would have wanted. But if you are young and healthy, do you really need to be concerned about estate planning?
Why having an estate plan protects you and your family
Several high-profile celebrities have passed away recently without an estate plan. Though your estate is likely not as large as Prince's or Aretha Franklin's, their lack of planning does highlight some important issues.
