The answer and the reasons are not what you probably think, mainly because there is a misconception by many that estate planning is about death, you know transferring property when we die. It does involve that, but it is much, much more.
A good estate plan helps you to organize your life around the things that are the most important to you. It is about protecting your assets, providing security for your family and helping you to accumulate wealth toward your retirement. It is about providing for your children when they are young and beyond, providing for you and your spouse during health, in retirement and during any years that you may need care. Those are things we all need, even if we don’t yet have a lot of property.
So the answer to the Question of “Who Really Needs An Estate Plan?” is Everyone!
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