When people hear the term “estate planning,” many think that it’s reserved only for the old and wealthy. This, however, is a common misconception. It’s not only for those who are retired and seeking to put their affairs in order, nor is it only for those who are wealthy. Estate planning is for anyone who has assets and wants them distributed as they wish and in an organized manner upon their death.
So what exactly is estate planning and why is it so important to you and your family? Here are four important aspects of estate planning:
- It’s not only for the old and rich.
It may not be apparent, but many of us own an “estate,” no matter how modest. Actually, the term is used to refer to everything that one owns, including real estate, bank accounts, cars, stocks, bonds, pension, life insurance, and other investments.
- It will help expand your assets.
Estate planning, simply put, manages all your properties. It is the term used when you hire a Potomac asset management company like AOG Wealth Management to, for instance, keep track of all your assets, care for them, and create a comprehensive plan to expand their worth through other investments.
- It will help secure your family’s future.
Aside from protecting your belongings, estate planning is also important if you want to protect your family’s future financially. None of us can be certain of what the future holds. For instance, medical emergencies, disabilities and death can come early for some. What, then, would happen to their families?
If you’re worried about these scenarios, estate planning can provide you peace of mind. It will ensure that everything you own goes to your loved ones should anything unfortunate happen.
- Hire a trusted asset management company to handle your estate planning.
When it comes to Potomac asset management, AOG Wealth Management will get you on the path to financial stability. We are the top asset management company in Maryland, Washington, DC and Northern Virginia that offers a complete analysis of your asset, portfolio and investment plan. We will come up with an estate plan to secure your family’s future. We can assure you that we will carry out all your wishes, specifically regarding whom you intend to receive something of yours, what you want them to receive and when they are to receive it.
Set your financial goals straight and secure your family’s future by contacting an experienced and reliable asset management firm serving the Metro Washington, DC area—AOG Wealth Management. Call us toll-free at 1-877-600-3573 today.