Estate & Asset Protection Law Firm Owner, Shannon Pawley, writes about how an estate plan can protect beneficiaries from themselves when there is drug or alcohol abuse or mental health issues in a family by preventing them from squandering assets.
DECATUR, GA, October 19, 2022: Shannon Pawley, Owner of The Estate & Asset Protection Law Firm, has posted a new blog on the law firm’s website entitled “How an estate plan can prevent someone from squandering your assets before or upon your death.,” Ms. Pawley reminds readers that an estate plan is important for everyone with assets 18 and older.
“During National Estate Planning Month and week,” Pawley writes, “I’m offering specific information about the many ways an estate plan can benefit anyone.” She continues adding, “You don’t have to be among the super-wealthy to have an estate plan. You do need to have assets. Assets include a home, automobiles, recreational vehicles, money in the bank, a retirement plan or IRA and more.” She emphasizes, “Today, assets also include digital assets like music and art.”
Pawley points out, “What I’m going over here is how an estate plan can protect your assets from being squandered even by those heirs you assign as recipients. This includes prior to and after your death. Sometimes,” Pawley notes, “there are family members who have substance abuse problems as well as mental health issues. While you want to distribute assets to these loved ones, you also want to make sure other beneficiaries are protected and that the financial assets you leave are distributed in the way you want them to be.”
The entire blog can be read at LINK HERE