Call Honolulu Estate Planning Attorney Michael J. Madison at (808) 594-9917

Hawaii Estate Planning: Work your Plan!

Hawaii estate planning can be utilized to reserve family values and safeguard most of your assets. In fact, just taking a few moments today to establish an estate plan will save you a lot of time and a great deal of heartache. As well, estate planning will benefit all future generations of your ohana (family). Some of the benefits include asset protection from lawsuits and creditors, simple transfer of ownership and avoiding probate that can linger on for years.

Eye on The Prize: Are You a Big Picture Thinker?

As most of us know, nothing in life is guaranteed. For that reason, it is highly important that you keep an eye on the prize – an easy transfer of estate valuables to your family or named beneficiaries if something were to happen. The grand picture involves thinking ahead and no longer procrastinating. After all, your family’s future is in your hands – there is no room for postponement. Plus, if your Hawaii estate planning is in set up now, it will release a lot of worry you and also help your ohana. Once your estate plan is in place, the benefits will be overflowing.

Plan your Work, and Work your Plan

Although life insurance is both valuable and very necessary, it does not secure your estate. In fact, quite the contrary, insurance generally will not even cover all your costs. Oftentimes an estate plan can not only cover the remaining “hidden” costs but it adds to the families assets. Without a plan, the estate is in jeopardy. As well, an estate plan needs to be carefully thought out. How the plan is implemented depends on many variables like net worth, family dynamics, transfer of assets and certain individual preferences. Yet to plan your work now and also work your plan you need to be wise by devising a smart Hawaii estate planning as soon as possible. Your actions of making a trust now are a fortuitous way to help your immediate family and future generations to come.

EVERYONE NEEDS IT BUT NOBODY WANTS TO THINK ABOUT IT

By postponing the small amount of work in doing an estate plan, you have the potential of affecting your family for generations. Like insurance, you should always have an estate plan made. Likewise, it should always be updated to ensure all assets are included. If you are concerned about the future of your family but have not set up an estate plan, then now is time to secure your family’s’ tomorrow.

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