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 assets.  It is unlikely these laws 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 with the cost, delay, and publicity of probate. 

 

Your WIN advisor will listen to your wishes, present your financial choices, arrange for annual gifting, update beneficiary designations, and help you prepare for and reduce the cost of the legal documents required to ensure your assets are the drafting of required legal documents by an attorney.