If the thought of writing your will or planning the distribution of your assets after death makes you feel a bit on edge, you’re not alone. You don’t have to do it alone either—and frankly, you probably shouldn’t do it alone. Estate planning is a detailed, time consuming process that will have a major impact on your family, friends, and causes long after you pass away.
What’s more? Everyone has an estate, no matter how small or modest it may be. Have a car? That’s an estate. Have a bank account? Ditto. In this article, we’ll review what estate planning entails, who should have an estate plan, and why you should hire an estate planning attorney.
What is Estate Planning?
An estate plan is a set of legal documents that detail what you want to do with your assets and belongings after death, to whom they should be distributed, and when and how that distribution should take place. An estate plan can include many documents, such as: