Core Estate Planning Needs
A significant percentage of Americans are going through life without any estate planning
documents in place. Though older individuals are more likely to have made preparations
than their younger counterparts, many people who are getting up there in years are
remiss as well.
Failure to plan for the future means you would pass away intestate - dying without a last
will. This is truly irresponsible because you will not be present to deal with the fallout.
Those you love will be left behind to pick up the pieces. You will leave your family
vulnerable when you neglect this core responsibility that goes along with being a self-
Everyone should at least have a basic estate plan in place, even younger adults. This is
going to include a last will or a trust to direct the distribution of assets upon your death.
Equally important are advance health care directives that express your wishes regarding
medical procedures and appointing someone to make choices on your behalf should you
Another essential component is making sure you have an income replacement vehicle.
Most people use life insurance to serve this purpose. This is particularly important for
younger families since they often rely on two incomes these days. Having sufficient
coverage to protect a surviving spouse and minor children is extremely important.
There is no excuse for procrastination. If you are one of many who are gambling with
the future of your family, take action right now to sit down and execute the appropriate
documents with the assistance of a good Kansas City estate planning lawyer.
Experienced estate planning attorneys Oklahoma City OK of the Parman and Easterday
offers estate planning and business planning resources to residents of Oklahoma City
OK. To learn more about these free resources, please visit www.parmanlaw.com/ today.