Do I really need an estate plan? (Hint: Yes)

Contrary to what many people assume, you don’t have to be old, rich, or have children to benefit from making a financial plan for after you are gone.

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Estate planning is deciding in advance and in writing who will get your assets and money after your death or in the event that you become incapacitated.

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You Decide Where Your Assets Will Go

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You Have Children

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If you have beneficiaries you want to leave your assets to, having an estate plan and/or will can minimize the legal headache your loved ones have to deal with.

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Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

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Do I really need an estate plan? (Hint: Yes)

Contrary to what many people assume, you don’t have to be old, rich, or have children to benefit from making a financial plan for after you are gone.

Estate planning is deciding in advance and in writing who will get your assets and money after your death or in the event that you become incapacitated.

What Is an Estate Plan?

You Decide Where Your Assets Will Go

If you don’t have beneficiaries named in an estate plan, the courts will determine who gets your assets.

You Have Children

If you have children, it’s important for you to consider how you want them cared for if you and your spouse were to pass away, and who you would want to be their guardians.

If you have beneficiaries you want to leave your assets to, having an estate plan and/or will can minimize the legal headache your loved ones have to deal with.

It Can Help Avoid Legal Headaches

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Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

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