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How to Determine if You Need an Estate Plan

Find out if you need to make an estate plan by figuring out your net worth and assessing your family and financial situations.
Do You Need an Estate Plan? - Assessing Your Family Situation
One of the most frequent questions that I’m asked as an estate planning attorney is, "How do I know if I need to make an estate plan?” The first place to start is to take a look at your family situation. If it fits into one or more of the personal “red flag” categories, then, regardless of your net worth, you need an estate plan.
Do You Need an Estate Plan? - Assessing Your Financial Situation
"How do I know if I need an estate plan?" Aside from taking a look at your family matters, you will also need to review your finances in order to assess your need for an estate plan.
You're Young, Do You Need an Estate Plan?
In a 2004 survey conducted by Lawyers.com, the two most frequent reasons adult Americans cited for not having an estate plan were insufficient assets and not being old enough to need a plan. Sadly, those who hold these beliefs are greatly mistaken.
Why Do You Need an Estate Plan? - Top Five Reasons
While there are a variety of reasons why people decide to meet with an estate planning attorney and put together an estate plan, learn the top five reasons why you need an estate plan.
How to Calculate Your Net Worth
One of the first steps in assessing your need for an estate plan is to determine your net worth. Here is a basic guide to calculating your net worth.
Chart for Calculating Your Net Worth
One of the first steps in assessing your need for an estate plan is to determine your net worth. Here is a chart that will help you to organize your assets and liabilities so that you can figure out your net worth.
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