Making arrangements for your assets and loved ones after you pass away is a crucial process that all individuals should complete, but many put off. There are several reasons why having a plan for your estate is vital, such as safeguarding your belongings, caring for your family and friends, and steering clear of probate court.
The seasoned estate planning lawyers at Gravis Law in Boise can assist you in developing a tailored estate plan that aligns with your specific goals and needs. Allow our team to help you get ready for the future. Reach out to us now to get started!
Safeguards Beneficiaries
A key motivation for having an estate plan is to safeguard your beneficiaries. Without a will or estate plan, your assets will be distributed per state law after you pass away, which may contradict your intentions.
Avoids Large Taxes
Another motive for estate planning is avoiding massive taxes. The estate tax is a levy on transferring property when you die. It's charged on the value of your estate above a certain threshold, up to 40% of the value.
Protects Children
If you have underage children, estate planning is vital to guarantee their well-being if something happens to you. Without a properly created estate plan, the court decides who will care for your kids and how your assets will support them.
Provides Peace of Mind
Additionally, estate planning provides peace of mind. Knowing your affairs are in order and loved ones will be provided for if something happens gives you a sense of peace and security.
Start Estate Planning Now
As you can see, there are many crucial reasons to start estate planning. If you've been putting it off, wait no longer. Contact Gravis Law today and let our experienced attorneys help create a comprehensive estate plan tailored to your unique needs!
Download our guides for expert insights to plan your estate, navigate family law, or secure your future. Simplify the process with clear, actionable steps. Get started today!