The primary purpose of estate planning is to ensure an orderly transfer of property to whomever you see fit. Without a strategy to accomplish this, your heirs might encounter problems including an inappropriate distribution of your assets, the care for minor children left in the hands of a court, settlement costs and administrative fees that deplete the value of your estate.
A common error people make is to assume that estate planning only refers to dying. In fact, an important part of estate planning is to take the appropriate steps to ensure management of your financial affairs if you become disabled or terminally ill.
Let one of Consolidated Planning's Estate Planning Specialists assess the strength of your current wealth transfer strategy.