However, that article led me to think another topic idea…one that does interest me…
Often people do significantly undervalue their worth and value when it comes to evaluating their total assets.
Many of us own a vehicle, interest in a home, retirement accounts, bank accounts, perhaps some stocks, investments, collectibles, electronics, and digital assets. Often my clients are surprised that when they start to identify all the individual things that add up to their ‘worth’ in dollars and cents (their estate), the value is considerably more than what they imagined.
Which leads me to the topic…estate planning is more than just planning for death. Estate Planning is an in- depth analysis of the value of what you have accumulated during your current life. That ‘worth’ will change, whether you live for another ten, twenty, thirty years or more.
The process of estate planning assures that your ‘worth’ in terms of your assets are protected.
An estate plan also can assure that those assets will be disbursed according to your own wishes, not those of the state you live in. (If you die intestate (without a will), the state will have a ‘plan’ for how your assets are disbursed.)
When you have time, begin a list of all the assets that you own (even ones that you plan to own). You probably will be surprised that you are worth more than you thought.
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