Importance of Estate Planning
You have the right to decide how your property is to be transferred to others during your lifetime and at death. To a degree greater than you may realize, you have the power to control the costs and other conditions related to the transfer of your property. A well designed estate plan will enable you to control your property during your lifetime. It will permit you to determine who is to receive your property, when they are to receive it and under what conditions.
A well-designed estate plan will enable you to control your property during your lifetime.
It may also minimize or eliminate probate costs and inheritance taxes. Perhaps most importantly of all, it will minimize the risk of family disputes and protracted litigation.