There are many reasons why people avoid wills and estate planning. Most believe that they don’t own enough assets, or want to avoid focusing on the unfortunate topics of sickness and death. Sometimes people are too busy with other important life obligations, or think they’re young enough to have time for future planning. However, when the death does occur, without proper planning, families are left with the incredible financial and emotional burdens of their loved ones.
If you die without a will, also known as dying intestate, your assets will be disbursed according to the probate laws of the State. It’s more beneficial for your family to handle the distribution of your assets in private, and not in the court system so you can keep control of how your belongings are disbursed.
Wills & Estate planning includes:
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Clarifying what kind of medical care you will receive if you become disabled before you die.
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Providing for family members who have special needs.
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Specifying guardians and inheritance managers for minor children.
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Minimizing legal fees, taxes and court cost.
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Life insurance requirements for your loved ones.
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Arranging for the transmission of your business.
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Safeguarding that government benefits are not disturbed.
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Reviews and updates as your family, financial situation, and laws change through the years.
Wills & estate planning is not only for the rich or retired. Detailed estate planning will be important to families with meek assets, due to the fact that they don’t want to lose what they have worked so hard to gain.
Please allow Braddy & Associates, P.C. to help you with efficiently and professionally establishing your will and estate planning so that your needs will be executed according to your wishes.
