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Too often, people put off estate planning for fear of the inevitable death. It’s hard to set aside the time to plan, but not planning leaves much more pressure and stress on your family. Sometimes adding a professional attorney to the conversation can help your parents or loved ones become serious about setting up the future for when they’re gone.
When someone dies without creating an estate plan, their assets will be distributed according to intestacy laws. This means that the court will decide who should inherit the deceased person’s assets, which may not align with the deceased person’s wishes. Additionally, if any debts or taxes are owed, these will need to be paid out of the estate before any inheritance can be distributed. This can cause significant financial hardship for the deceased person’s loved ones.
If you die without an estate plan, your loved ones may go through a lengthy and costly probate process to settle your affairs. Probate can be a stressful and emotional time for those left behind, and it can also tie up your assets for months or even years. By creating an estate plan, you can avoid this stress and ensure that your loved ones are taken care of in the way you desire.
How can an attorney help?
An estate planning attorney can help you create a plan for distributing your assets after you die. This plan can include a will, trusts, and other legal documents. The attorney can also help you manage your estate during your lifetime if you become incapacitated.
Creating a plan for your estate can be complex, and working with an experienced attorney is important to ensure that your wishes are carried out according to your wishes. Estate planning can also help you minimize taxes and other expenses, and it can help you protect your assets from creditors.
Estate planning should not be put off until later in life. Everyone should have an estate plan, regardless of age or financial situation. If you have any assets or debts, it’s important to ensure that they are taken care of in the event of your death. An experienced estate planning attorney can help you create a comprehensive estate plan that protects your loved ones and assets. Contact an attorney today to get started. If you still need to create an estate plan or if you need to update your existing plan, an estate planning attorney can help you. Contact an attorney today to get started on creating or updating your estate plan.