Yes, you need an estate plan even if you don't believe you have significant financial assets.

 

If you don't have an estate plan in place, state inheritance laws and the courts will make decisions for you - not only about your financial assets but also your medical care, children, and digital property (photos, social media accounts, cryptocurrency).  It is unlikely these laws and a stranger will accomplish what you intended. 

 

An estate plan tells the world how you want your property distributed, who you want to care for your children and make your medical decisions, and how you want your digital estate (online financial, social media, photographs) accessed and handled.  

 

An estate plan may also include maximizing annual gifts during your lifetime and the establishment of trusts to reduce estate and gift taxes. An estate plan permits distribution to heirs without the cost, delay, and publicity of probate. 

 

DecideGuide will consider your inputs of goals and needs, present your financial choices, and with your permission automate annual gifting, assist with updating beneficiary designations, and help you prepare for and reduce the cost of required legal drafting of documents by legal professionals, to ensure your wealth is protected and shared according to your wishes.