Do I Need to Do Estate Planning Even If I Don't Have Much Money?

Do I need to do estate planning, even if I do not have much money? The answer to that question is, yes. And that what money you do have, you want to be able to designate who you would like to receive it when ever you pass on. So, there's a lot to estate planning other than just writing a will. A will I look at is basically a fallback position in the event that you have not properly planned your state for it to pass to whoever you would like your assets to go to the estate planning includes putting a designation on your bank accounts, to have them pay a belong death to whoever you would like to receive them. If you own real estate, even if it has a mortgage, you can sign a life estate deed whereby you can designate who would receive the property upon your death. This is called some in some circles called old lady bird deed. And these are simple ways to pass your assets on to whoever you'd like to receive them. Even though you don't have a whole lot, you can do it and avoid having a probate. There's also documents that go along with estate planning, such as the living will a healthcare surrogate and a durable power of attorney that you need to consider. Whenever you come in for an estate planning conference, my phone number is (727) 847-2288. Give me a call and I'll be glad to talk with you about your estate plan