Believe it or not, about 60% of Americans don’t have a will. Now, you might be wondering what that has to do with estate planning. A will is the cornerstone of your estate, seeing as it names an executor and a guardian for minor children, as well as directs how your property will be distributed and and more. Taking the right steps to help protect your estate is a key financial choice. At Burr Capital Advisors, we are here to help you create an estate strategy that will help put your assets in order, while also saving you time and money. Here are a few of the many benefits that come along with getting a head start on your estate planning:
- Protect Your Family - The last thing you want to do is leave behind a mess and complicated financial decisions to your family after you’ve passed. Estate planning helps put everything in order for your beneficiaries, so they know exactly what you want to happen with your estate. This eliminates any messes or questions that may come up.
- Plan For Your Children - While most people think you don’t need to start estate planning until you are older, it’s never too early to start, especially if you have children. By creating a will and starting the estate planning process, you can ensure your minor children have a guardian lined up, just in case something should happen to you.
- Minimize Expenses - Unfortunately, if you don’t have a good estate plan in place when you pass, a lot of your finances will go to attorney fees and court costs instead of to your loved one. Luckily, we at Burr Capital Advisors can help walk you through an estate planning checklist to make sure you have everything covered.
We at Burr Capital Advisors understand that thinking about estate planning can be an intimidating task. It’s not something that any of us want to think about, but at the end of the day, it will benefit your loved ones after you have passed. For more information about estate planning, or to speak with one of our expert financial advisors about getting started, please contact us today. We are here to help you through the process and make sure you understand the importance of estate planning. At Burr Capital Advisors, we are committed to providing you with the tools and resources you need for financial success.
