Don’t Leave the Fate of Your Estate to the State
- Why are 2 sets of grandparents fighting for custody of 6-year old Jane?
- Why did Aunt Emma’s diamond ring go to her distant cousin instead of her life-long friend?
Each of these problems was brought on by either a non-existent or faulty Will. When your plans are in order, the unexpected is less likely to occur. A Will is a legal document that distributes your assets after your death. It can name the person (i.e. Guardian) to raise your minor children. In addition, it appoints the person (i.e. Executor) who will be in charge of paying your final bills and following your instructions as indicated in your Will. You need a Will regardless of the size of your estate. In fact, a Will is the first step in comprehensive Estate Planning.
Without a Will, the State, through its Intestate Law, determines who receives your assets and who is in charge of paying your final bills. An already overburdened Court System decides who raises your minor children and who manages their money until they reach adulthood. You are a better “judge” to determine which family member should raise your children and at what age it is appropriate for your children to receive your inheritance. Don’t leave the fate of your Estate to the State and Court System. Seek experienced legal advice while you are healthy and can make the right decisions.
Estate Planning requires the skills and experience obtained only by years of study, training and practice. Consult an experienced attorney. After all, you will not be around to “fix” mistakes when they are discovered by your loved ones!