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Don't underestimate the importance of estate planning

While consider our demise isn't something we normally do on a regular basis, thinking about the end of life can be reframed in a positive way. By considering how important estate planning is and taking the right steps to protect your assets, you can begin to consider the ultimate end while knowing you've done everything to provide for those who mean most - your family.

Estate planning covers a wide range of concepts such as wills, trusts, powers of attorney, health care directives, probate, and more. While many may think of estate planning in terms of financials only, it's important to know that you can plan much more than just dollars and cents. Financials, of course, are a very important element of our lives. Through proper estate planning, you can protect your wealth - whether it's thousands or millions - and help your surviving family avoid major estate taxes and expenses and delays probate can introduce into the situation.

Although it's a tragic thought, catastrophic injuries can remove us from the lives of our dependants. Through estate planning, arrangements can be made so that minor children in your life are taken care of. Unfortunately, there's no telling what will happen today, tomorrow, or many tomorrows from now. The uncertainty can be very frightening, but estate planning can help remove some of that fear.

At Donnelly, LLC, we understand these situations can be worrisome, but inaction is the worst thing you can do. We have experience working with individuals to make solid estate plans that help bring peace to your mind knowing you are putting a plan in place that will take care of your loved ones when you're not around. For more information, visit our estate planning page.

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