Three Overlooked Benefits of Estate Planning

Estate planning not only makes things easier for your loved ones if you become incapacitated or when you’re gone, but it also does these three important things.

A couple work with a financial planner on their estate planning.
(Image credit: Getty Images)

If you’re like most Americans, you don’t have a documented estate plan. A 2023 survey by Law Depot revealed that 73% of respondents lacked an estate plan. Not only that, but 72% of respondents over age 75 didn’t have an estate plan.

Unfortunately, estate planning is a task that is all too easy to postpone. No one likes to think about death or what will happen before or after death. However, as much as you dislike the thought of death, you probably also don’t want to condemn your family to hours and days of time spent dealing with the mess that a lack of planning will inevitably create.

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Chuck Bigbie, CLU, ChFC®, CFP®
Wealth Manager and Principal, Woodland Wealth Management, LLC

With 40-plus years of experience in the industry, Chuck specializes in retirement planning and an outcomes-based approach to wealth accumulation and financial planning. Understanding and thoughtful, he is committed to always put clients’ needs first and providing them unbiased advice. His desire to spread financial literacy and to never stop learning drive him in his everyday responsibilities. He enjoys getting to know his clients and is energized by working with them and helping them find the right retirement strategies for their unique needs.

Licensed Insurance Professional. Respond and learn how financial products, including life insurance and annuities can be used in various planning strategies for retirement.

Securities offered through Geneos Wealth Management, Inc. (Member FINRA/SIPC). Advisory Services offered through Geneos Wealth Management, Inc. a Registered Investment Adviser.