50+ Lifestyles

Estate Planning Provides Peace of Mind

By Ryan Denman
Duffy Law Office

As we travel through life, peace of mind tends to become ever more important. Estate planning provides many benefits such as tax savings, probate avoidance, and asset protection; however, many clients have said that peace of mind is the most valuable benefit of estate planning.

Your Peace of Mind

When you know that all will be okay if something tragic were to happen, you can sleep better at night. While no one wants to think about scary things, it helps to know that you’ll get to choose who will raise your children, if you cannot, and that you’ll never be hooked up to machines, if you are in an end-stage medical condition.

When you have comprehensive estate planning, you’ll know that your son-in-law can’t take your daughter’s inheritance and that your son, who has a drug addiction, can’t use his inheritance to fuel his addiction. You’ll also know that you have the proper insurance to protect your assets and to
provide for your family, if you cannot.

Your Loved Ones’ Peace of Mind

Comprehensive estate planning promotes family well-being because your wishes are written and established; there is less arguing over funeral arrangements, who’s in charge, who gets what, and whether to remove life support.

Estate planning is essential in all families; in blended families, it’s of the utmost importance. Second spouses and children from previous relationships struggle to form positive relationships, if they are concerned about power and money within the family.

Where to Get Help

To get help creating an estate plan that will create peace of mind, consult with a qualified estate planning attorney

Duffy Law Office is a member of the American Academy of Estate Planning Attorneys.