Why You Should Have an Estate Plan & How it Affects Your Home

Estate Planning. The words alone can be overwhelming. Initial thoughts may be they are only for the rich and famous, or for those whose homes are actually considered estates, or those whose wealth is $1,000,000 or more, and yet, that is not the case.

Not planning for the distribution of your possessions once you pass can leave your loved ones in great turmoil. People such as Prince, Aretha Franklin and Amy Winehouse are several recent notable individuals who left their families with a huge burden. The same can hold true for any remaining family members left to muck through the paperwork, legalities and stress that come from not having prepared for the inevitable.

For those who are unmarried, living together and one dies without a will, do not assume the remaining partner will receive the estate of their loved one. Or, if a husband and wife, who have a will, yet have no children, and one of them passes, leaving the estate to the remaining spouse that is smart planning. However, if the surviving spouse does not create a plan for the proceeds and passes, then there is a long and arduous process that follows.

This is why we would like to invite you to a FREE seminar on Mar. 5 from 10 a.m. to 11 a.m., where you will learn key insights to what is an estate plan, why is it important to have one when owning a home, and much more.

Melissa Chapman, Estate Planning Attorney, with Farleigh, Wada, Witt and Amy Carr, Senior Escrow Officer, with Chicago Title, will share key tips to helping you to be empowered with enough information for your next steps so that although you may have gone to heaven, you didn’t leave remaining loved ones in perdition.