Are Your Assets Enough to Warrant an Estate Plan?

October 26, 2017

The majority of estate plans are drafted by attorneys and this is primarily done because many people are not aware of their rights and responsibilities and may make mistakes in using online forms or do-it-yourself services. Many people also avoid the estate planning process because they do not want to contemplate their own chances of disability or death. This is a necessary component of approaching estate planning.

The good news is that you may have already started the process even if you are not aware of it. If you have designated beneficiaries on your life insurance policy or on your retirement accounts, you’ve already started the ball rolling with the estate planning process. Most people are under the impression that they simply shouldn’t engage in estate planning if they do not have an estate large enough to trigger the federal estate tax payment. consider your assets when estate planning

This is not true because there are a variety of different issues such as who will take over for you if you become incapacitated and unable to manage your financial or health care decisions, as well as the distribution of your personal property, that should be incorporated in an estate plan regardless of the value of the various assets you own. Talking to an attorney allows you to formalize your goals and to learn more about the ways that you may have overlooked potential estate planning issues.

Everyone can benefit from the services provided by an experienced estate planning attorney, because even without having significant assets or millions of dollars that would trigger the federal estate tax payment, you can still learn more about how to protect your family and your loved ones if something were to happen to you.


Practice Areas:



Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Careers/Open Positions

Explore all available job
listings and become a part of an amazing team.

Payment Portal
for Tax and Accounting invoice

This link offers a secure, quick way to complete your payment with Omni360 Advisors LLC.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts

How Grandparents Can Leverage SECURE 2.0 & OBBBA to Build Multigenerational Wealth with Confidence

Explore advanced multigenerational planning strategies for grandparents under SECURE 2.0 and the One Big Beautiful Bill Act (OBBBA). Learn how to use 529 plans, dynasty trusts, SLATs, and ...

<p>The post How Grandparents Can Leverage SECURE 2.0 & OBBBA to Build Multigenerational Wealth with Confidence first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Unlocking NJ Property Tax Relief: What Seniors and Homeowners Need to Know

Discover how New Jersey residents can benefit from the Senior Freeze, ANCHOR, and Stay NJ programs. Learn eligibility criteria, application steps, and how the PAS-1 ...

<p>The post Unlocking NJ Property Tax Relief: What Seniors and Homeowners Need to Know first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Life Insurance & Estate Planning After the Big Beautiful Tax Act: Key Strategies for High-Net-Worth Families

Discover how the Big Beautiful Tax Act changes life insurance, trusts, and estate planning for affluent families. Learn practical strategies to protect wealth and adapt ...

<p>The post Life Insurance & Estate Planning After the Big Beautiful Tax Act: Key Strategies for High-Net-Worth Families first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>