{"id":814,"date":"2018-09-18T10:23:10","date_gmt":"2018-09-18T10:23:10","guid":{"rendered":"https:\/\/eralawgroup.com\/?p=814"},"modified":"2018-10-30T08:56:35","modified_gmt":"2018-10-30T08:56:35","slug":"tuesdaytips-everyone-needs-a-plan","status":"publish","type":"post","link":"https:\/\/eralawgroup.com\/tuesdaytips-everyone-needs-a-plan\/","title":{"rendered":"#TuesdayTips: Everyone Needs a Plan"},"content":{"rendered":"<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-675 size-medium\" src=\"https:\/\/eralawgroup.com\/wp-content\/uploads\/Mediation-300x201.jpg\" alt=\"Estate Planning Attorney Annapolis MD\" width=\"300\" height=\"201\" srcset=\"https:\/\/eralawgroup.com\/wp-content\/uploads\/Mediation-300x201.jpg 300w, https:\/\/eralawgroup.com\/wp-content\/uploads\/Mediation.jpg 353w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Do you live paycheck to paycheck and are convinced you have no assets? It would seem to follow then that you have no estate to leave behind when you pass on. But, frankly, nothing could be farther from the truth. To the contrary \u2013 everyone needs a plan. Let\u2019s consider just three of the many good reasons for <a href=\"http:\/\/eralawgroup.com\/practice-area\/estate-planning\/\">preparing an estate plan<\/a> no matter your net worth or age.<\/p>\n<ul style=\"text-align: justify;\">\n<li>Estate plans are actually a set of documents that informs your loved ones how to address your affairs in the event you become incapacitated or depart this world. People who do not plan their estates often leave living family members with a legal mess to deal with during the grieving process. Ultimately, estate planning is not meant as an aid for you but for your loved ones.<\/li>\n<li>Should you fail to plan the IRS and state <a href=\"http:\/\/eralawgroup.com\/practice-area\/probate\/\">probate courts<\/a> will be happy to step in and prepare a plan post-death. Probate is the outcome of failing to plan. For example, failing to provide a will or creating a will but not including a trust. The process is generally very slow, all transactions become part of the public record, and it can become costly thereby reducing the size of your initial estate. It is the sad reality that failing to plan can actually be pricier than advanced preparations.<\/li>\n<li>It\u2019s not all about the money. If you haven\u2019t given any thought to what you want your end of life to be \u2013 now is a good time to do so. You need to consider all the eventualities. For example, you should grant authority to someone to act as your agent regarding health care decisions should you be unable to speak for yourself. Additionally, identify a conservator and <a href=\"http:\/\/eralawgroup.com\/practice-area\/guardianship\/\">guardian for young children<\/a>. These are determinations you want to have control over \u2013 and not something that would require the intervention of third parties who should not be involved in family matters such as these.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/eralawgroup.com\/practice-area\/estate-planning\/\">Estate planning<\/a> may seem like a chore that you can put off until you have the time to think about it. But, the best advice is to take the time today to plan for the tomorrows when you won\u2019t be here. It is the nicest gift you will leave your loved ones who will be able to cherish the memories instead of dreading the task of closing out your estate.<\/p>\n<p style=\"text-align: justify;\">If you would like to know more about estate planning and other legal issues related to your family\u2019s and your own personal well-being <a href=\"http:\/\/eralawgroup.com\/contact\/\">contact us<\/a> at the ERA Law Group, Annapolis. We\u2019re your experts in estate planning. We will treat your matters as if they are our own.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you live paycheck to paycheck and are convinced you have no assets? It would seem to follow then that you have no estate to leave behind when you pass on. But, frankly, nothing could be farther from the truth. To the contrary \u2013 everyone needs a plan. Let\u2019s consider just three of the many<span class=\"more-link\"><a href=\"https:\/\/eralawgroup.com\/tuesdaytips-everyone-needs-a-plan\/\" rel=\"nofollow\">Read More<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":668,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[420,422,412,418],"tags":[101,589,442,437,127,582,440,588,593,592,587,438,66,38,531,439,591,333,441,324,590,586,585,583,237,584,158,135],"class_list":{"0":"post-814","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-elder-law","8":"category-estate-litigation","9":"category-estate-planning","10":"category-probate","11":"tag-assets","12":"tag-care-decisions","13":"tag-document","14":"tag-estate-plan","15":"tag-estate-planning","16":"tag-estate-planning-attorney-annapolis-md","17":"tag-estate-plans","18":"tag-family-matter","19":"tag-grief","20":"tag-grieving-process","21":"tag-health-cares","22":"tag-incapacitated","23":"tag-inheritance","24":"tag-law","25":"tag-legal-guardian","26":"tag-legal-mess","27":"tag-living-family","28":"tag-loved-ones","29":"tag-preparations","30":"tag-probate","31":"tag-probate-court","32":"tag-property-law","33":"tag-tax-avoidance","34":"tag-taxation-in-the-united-states","35":"tag-trust","36":"tag-trust-law","37":"tag-trusts","38":"tag-will","39":"entry"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/eralawgroup.com\/wp-json\/wp\/v2\/posts\/814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eralawgroup.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eralawgroup.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eralawgroup.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/eralawgroup.com\/wp-json\/wp\/v2\/comments?post=814"}],"version-history":[{"count":3,"href":"https:\/\/eralawgroup.com\/wp-json\/wp\/v2\/posts\/814\/revisions"}],"predecessor-version":[{"id":1073,"href":"https:\/\/eralawgroup.com\/wp-json\/wp\/v2\/posts\/814\/revisions\/1073"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eralawgroup.com\/wp-json\/wp\/v2\/media\/668"}],"wp:attachment":[{"href":"https:\/\/eralawgroup.com\/wp-json\/wp\/v2\/media?parent=814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eralawgroup.com\/wp-json\/wp\/v2\/categories?post=814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eralawgroup.com\/wp-json\/wp\/v2\/tags?post=814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}