Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Monday, August 26, 2013

7 Reasons Why Everyone Should Have an Estate Plan

EstateplanningEstate planning is about protecting your assets, meeting your financial goals, and shielding your health care. Below are seven reasons to have an estate plan. 

  1. To make sure you have someone who can make health care decisions on your behalf
  2. Keep your family from going to court
  3. Avoid family discord
  4. Make sure that the correct beneficiaries receive what you want them to receive
  5. Ensure your children or elderly parents are taken care of 
  6. Have someone capable manage your assets
  7. Pass on a business successfully using a business succession plan 

See Bonnie Bowles Top 7 Reasons You Need An Estate Plan Even If  You Have Only $500 in the Bank, Examiner,  Aug. 24, 2013.


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