Intentional Estate Planning For Your Peace Of Mind

Estate Planning Myths

If you’re asking yourself, “Do I need an estate plan?” The answer is, “Yes!” Still not convinced? Learn more about some common estate planning myths and why now is the perfect time to get started.

‘I Don’t Have Enough Assets To Need A Trust Or A Will’

An estate plan can be beneficial for people regardless of its size. Your estate contains everything that you have worked hard for and should be thoroughly considered and planned for WITH INTENTION. Regardless of the value of your estate, whether it’s $25,000 or $25,000,000+, you and your loved ones deserve protection and peace of mind. If you own a home and have retirement savings, you have more wealth than you realize. If you have a house and retirement savings, you likely have more wealth than you realize.

‘A Trust Is The Only Document I Need’

The estate plans I draft are comprehensive and contain important companion documents along with a trust. This includes documents such as a living will, a durable power of attorney, an advance directive for health care, a HIPAA authorization, a memorandum for personal property, and a pour-over will. These documents allow my clients to make decisions such as: if they would want feeding tubes, organ donation, burial or cremation, authorization to obtain medical records, appointment or designation of an agent to step in to manage finances should you become incapacitated. 

Although I do look at the trust as the center of my estate plans, some clients place even more importance on the ancillary documents because they are so intertwined with one’s person, comfort and property.

‘I’m Too Young To Need Estate Planning’

There is no such thing as being too young to have an estate plan in place. Incapacitation or death can be sudden and unexpected, so beginning to plan early is prudent, especially if you have dependent children.

‘Estate Planning Is Only For Death’

Estate planning can be created and used for your benefit while you are alive. People decline in mental capacity or lose the physical capacity to care for themselves. Estate planning documents allow you to state your wishes about staying in your own home if incapacitated and designate whom you wish to step in to assist you while incapacitated. Trusts are an asset management and protection tool while you are living. 

Don’t Delay. Start Your Nevada Estate Plan Today.

Contact me for a free initial consultation. I’m prepared to answer your questions and provide the guidance you need. Call 702-462-5140 or email me here.