Who needs estate planning?

Who needs estate planning?

Attorney Gadi Zohar explains:

Who needs estate planning is a great question. A lot of people assume that the term estate planning means you have to have a large estate. That’s actually not correct. If you have assets, if you have property and you care who gets those at your passing, you probably need estate planning. The type of estate planning you need is going to depend on your particular needs.

Also in that category of estate planning, we we include care for you if you become incompetent. Which is not often what people think about. People often think about death planning. And so it’s much more comprehensive.

Now, if you have children, that’s almost essentially a no brainer that you want to direct what happens with the care of the children. Both their physical care and your assets at your passing. And so that’s another group of people that often are almost always going to need some sort of estate planning.