Preventive Law Tip: Estate Planning
Proper estate planning has great benefits for you and your family. It gives you security that your property will be divided how you want, and it can save taxes during your life. For your heirs, proper estate planning means they will receive property with few hassles and minimal expense.
Estate planning is more than just wills and trusts. It includes such other matters as right type of life insurance, how to hold title to your property and whether to make gifts during your life or by a will at death.
Estate planning is one kind of preventive law where the financial and other benefits can far outweigh the cost.