Who should have an estate plan?

Estate plans can benefit nearly anyone looking to spell out their wishes if unexpectedly incapacitated or after death. While often associated only with the very wealthy, they provide value to people across income levels and life stages.

Key times when creating an estate plan makes sense include:

• You have young children - Specify guardianship preferences if anything happens to you and your partner
• You own real estate or other major assets - Determine property and belongings distribution if avoiding complications matters
• You have strong medical preferences - Document care guidance like life support decisions when you can’t actively decide
• You wish to support charitable causes – Strategically structure bequests to causes you care about
• You own all or part of a business - Pass company control and ownership smoothly to successors
• You simply value control and preparation – Alleviate family uncertainty by handling probate court elements now

Having an estate plan brings order to asset handling upon incapacity or death so your intentions are executed accordingly. Origin can help your get started on your estate plan. Find out which plan is best for you here.

Want to learn more? Check out this lesson to get the basics of Estate Planning.

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