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An estate plan should not be left up to chance

Like those who dream of winning the lottery, putting one's financial future in the hands of chance and hope is one way to approach the management of property and wealth. However, creating a solid estate plan is a more effective way to protect one's assets as the individual reaches the end of life.

An estate plan accounts for the testamentary desires of the individual who creates it. It may involve a will, trust documents and documents that grant certain legal powers to other individuals. It is an organized collection of legal tools that will, at the time of the creator's death, effectuate the bequests and transfers of property he intended to have happen.

While it may seem easier to leave such matters up to chance, creating an effective estate plan does not have to be a burden. At our law firm, we work with our clients to prepare individualized estate plans that account for our clients' unique wants and important legal needs. We work to incorporate the desires of our clients into testamentary tools that will efficiently transfer property out of the estates at the time of the creators' deaths without having to resort to costly processes like probate.

Winning the lottery may seem like a great way to find security in the future. Unfortunately, the chances of actually hitting it big are practically non-existent for most people. Creating plans for one's wealth and estate are responsible methods of ensuring loved ones receive the property they are intended to get through an estate plan.

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