Estate planning is the task of establishing a collection of legal documents that outlines what should happen to your estate upon your death--and while you are still alive. Each record in the estate plan has a unique purpose and directive, including those that appoint a representative to make health and financial decisions on your behalf if you're unable to do so.

No matter the size of your estate (that includes your home, vehicles, bank accounts, businesses, investments, real estate, life insurance, possessions and even debt), everyone should make a plan. Planning ensures that your property and wealth are transferred as you wish, and the right decisions will be made if you are unable to communicate your wishes.

Unfortunately, nearly half of Americans over 55 do not even have a will, much less a designated power of attorney, certain medical directives, established beneficiaries, or other essential parts of an estate plan.

An estate plan is truly a gift to your loved ones. Without these important documents, your family may be burdened with many obstacles (and sometimes family conflict) during an already highly emotional time. At the end of your life and after your passing, the documents in an estate plan give your loved ones the information they need to make sure the right decisions are made on your behalf, and your assets are smoothly passed down according to your wishes.

Take your first step and contact Marc Seigel and Lauren Seigel-Gross to begin your estate planning journey!