How Estate Planning Can Help Your Family When You Pass Away
Whether you are twenty or sixty, you should consider hiring an estate planning attorney if you have things to leave behind when you pass away. Too many people make the mistake of assuming that they do not need to partake in estate planning or that they are too young for it. The fact is, you are never too young and you do not want your family dealing with the aftermath of your passing when there is not an estate plan present. Here are some of the reasons why you will want to start planning your estate right away:
You Can Help Your Loved Ones Avoid Probate Court
When things are settled as far as who gets what, the process of dividing up everything is not as long and probate court can usually be skipped. This is important because if your assets get held up because of probate court, it could be months or even a couple of years before your loved ones get what is rightfully theirs. Why make them wait when you have the chance to properly plan your estate well in advance?
You Can Prevent Legal Battles Between Family Members
If you do not set up a legal document that shows who gets what when you pass away, there is a chance that one or more of your family members will have a different idea than what you might have had concerning who gets what. Some people in the family might take others to court in order to get more money, more property, or more personal assets than you wanted them to have. To make sure that there is less of a chance of a legal battle, you will want to hire an estate planning attorney. While having an estate plan cannot stop someone from trying to take legal action, it is likely that a judge would uphold your wishes since they were documented correctly.
Remember, there is no telling what tomorrow holds so it is important to make sure that you are contacting an estate planning attorney as soon as possible. Gather all information on the properties that you own, life insurance policies that you have, and any personal belongings of value or personal importance that you want to make sure go to particular people. Once you give your estate planning attorney all of the information they need, they will be able to draft your estate plans for you.
For more information, contact law services like Skeen Law Offices.