Messer & Messer Law Offices

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Invest in yourself with an estate plan

You have probably heard many times that you have to spend money to make money. Applied strictly, these are called investments. Personal investments come in many different shapes and forms, including individual retirement accounts (IRAs), 401(k)s, bonds, certificates of deposit (CDs), etc. But one investment gets highly overlooked, and it's the one that will make sure your other investments stay safe: the estate plan.

Whether you are just starting out and have only minor investments or you have a significant number, hiring an attorney to go over your options can ensure that your sacrifices now don't wind up as someone else's rewards later. An attorney will discuss whether it's best to draw out a full will or simply appoint a beneficiary and create a living trust. Your attorney can help you figure out if you want to donate to any charities, and can even determine what to do with your pets.

Most people think this process can and should be put off until they are closer to retirement. However, as life gets busier and you start to accumulate more assets, your time becomes increasingly limited, and it gets easy to overlook your estate plan. Even completing one option now (such as appointing a trusted beneficiary to safeguard your assets) is a quick and easy way to protect yourself in the future.

Creating an estate plan sounds like a daunting task to even the most experienced professionals, and this is why it's highly recommended that you hire the right law firm to get you started. This is not a difficult process and should not be seen as a chore; instead, it will probably be very fulfilling and could open up the door to other opportunities to make the most of your time and money. Preparing in this way can help even the youngest professional foster a forward-thinking mindset, which will make future life-investment decisions considerably easier.

As an adult, you will have to take on many more responsibilities, and perhaps the most responsible thing you could do for your life is create an estate plan. Whether you're single, engaged, newlywed or about to welcome your first-born into the world, there are many unknowns which can cause a great deal of anxiety. You can relieve some of that stress by deciding things in advance. With the guidance of an experienced estate planning attorney, you will always have a trusted partner on your side to answer questions and keep your plan heading in the right direction.

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