While you may not think about it often, estate planning is a crucial way to ensure your family and possessions are taken care of when you’re gone. By working with a reliable accountant, you can protect all of your assets and take steps toward creating a plan that will keep the burden of your estate off of your family when you’re gone.

3 Reasons to Speak With Your Accountant About Estate Planning Today

1. Protect Your Children

For most people, children are the top priority when it comes to estate planning. Working through this process with a certified accountant will clear up any confusion on who will become the legal guardian for your children in the event of your passing. Without an estate plan mapped out, the children’s home may be determined by the court, so it’s wise to think about the possibility ahead of time and work with a professional to ensure that all minors in your family are taken care of.

2. Dictate Property Ownership

Estate planning is the time to decide who will be the recipient of your property, how it will be used, and what will happen with the collective assets. Without a proper estate plan, you leave these decisions up to the court, which can result in drawn-out, competitive sessions that may pit family members against each other. Your accountant will work with you to decipher and clearly designate the rightful recipients of any and all assets.

3. Validate Your Will

In the days following the unexpected death of an individual, lawyers and accountants must consider the validity of their will through the probate process. With the help of an accountant and experienced attorney, you can work through the nuances of state law to ensure the burden of this costly and stressful process doesn’t fall on your family.

If you’re a resident of Mountain Home, AR, and are thinking about putting together an estate plan, consider working with the team of certified accountants at The Callen Accounting Group. Focused on providing clients with expert financial advice and personalized guidance, you can feel confident that your family and assets are in good hands. Visit them online or give them a call today at (870) 425-6066.