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While no one likes to think too much about their death, spending a little time and energy now can make things dramatically easier for your loved ones when you do pass on. From deciding how your assets will be divided to making sure your family has the resources they need to continue working toward your goals, comprehensive estate planning provides an array of benefits that cover almost every aspect of your life.

Here are just a few benefits of preparing your estate plan:

  • Making Your Wishes Known: No matter how many times you've expressed your intentions about the distribution of your assets, the only way to make them legally enforceable is to prepare a will. Consulting with an experienced attorney will ensure that your plan covers all of your relevant assets, including your savings and investment accounts.
  • Providing For Your Loved Ones: If your loved ones depend on you for financial support, how will they get by without your income? A life insurance policy can give your family the financial security they need while they come to terms with their loss.
  • Covering Your Affairs: If you're incapacitated or unable to look after your own affairs, you might assume that your spouse or other trusted individual would take care of them for you. Unfortunately, this is not the case, unless you've prepared durable powers of attorney giving them the authority to act on your behalf.
  • estate planningGiving You Power Over Major Decisions: Writing a living will is an important part of estate planning, outlining acceptable types of medical treatment, and preventing the kind of disagreements that can sometimes tear families apart.

 

For over 40 years, Stuart R Norman Jr has provided high-quality legal advice and a wide array of estate planning services to clients throughout the Jewett City, CT, area. Visit their website to learn more about their reputation for exceptional representation, or call (860) 376-0069 to schedule your estate planning consultation today.

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