From Texas Tech law professor Gerry Beyer, a noted estate planning scholar and author of the Wills, Trusts & Estates Prof blog, here are 5 reasons to have an estate plan.

Many people think that only wealthy married couples need estate plans. Nothing could be further from the truth. If you are an adult or have children, you need an estate plan. Every adult needs at least a will, a living will, a durable medical power of attorney, and a durable financial power of attorney. Many adults greatly benefit from using a trust to shield their hard-earned wealth from taxes and protecting assets or a professional practice (e.g. law, medicine, engineering, accounting). If our law firm, Johnson Law KC LLC, can help you with your estate planning needs, call (913-707-9220) or email us (steve@johnsonlawkc.com) for a convenient appointment and a free 1/2 hour consultation.

(c) 2012, Stephen M. Johnson, Esq.