Why Every Family Needs an Estate Plan
By Hannah Smith
Estate planning is one of those tasks that many people put off, thinking it is only for the wealthy or the elderly. In reality, every adult should have basic estate planning documents in place, regardless of their age or financial situation.
A will ensures your assets are distributed according to your wishes. Without one, your estate will be distributed according to intestacy laws, which may not reflect what you would have wanted.
An enduring power of attorney allows someone you trust to manage your financial affairs if you become unable to do so. A medical treatment decision maker can make healthcare decisions on your behalf.
We recommend reviewing your estate plan whenever your circumstances change - after buying property, having children, getting married or separated, or any other significant life event.
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