The Importance of Calling an Estate Attorney Without Delay
When aging people are still in good health, the last thing they want to think about is what will happen to their estate when they die. People who have money and properties should start thinking about whom to leave these possessions once they die. Death can come at any time even when you are still in the peak of health so you should not assume that this will still happen in the far future. You will never know; people can die at a relatively young age. It is then important that, even now, you should be preparing for this day, and discussing with your estate attorney what to do with the estate upon your departure. Read on to find out why now is the right time to speak with your estate attorney.
Many times we expect family squabbles over inheritance when a loved one departs, and this is the effect of movies we watch or novels we read. You surely would not want this to happen to your family when you depart. If you don’t want your family to face the trouble of going to court against each other, they you had better prepare for it. When the time comes, this will surely happen, if you have not prepared for its eventuality. Access to the deceased’s funds will be by court order, depending on the size of your estate. Your loved ones can easily settle everything if you have a will and testament, giving them time to grieve for their loss.
You need to appoint a guardian by law for your children under 18. The court decides who takes care of these young children if you guardian was appointed. Sometimes, because of their lack of knowledge on the workings of your family relationships, the court will assign guardianship to the closest member of the family in the best financial position. This might not be what you want for your young children. And this is the reason why, as early as now, you need to appoint whom you want to be your young children’s guardian. Appointing a guardian should be near the top of the checklist for settling an estate.
If there is no will your family is bound to fight over their inheritance. An estate attorney should know the people who will be given an inheritance and what specifically they will get. This will definitely prevent things from escalating toward family shattering fights.
While you are still healthy, make sure that you discuss and make a will before an estate attorney. You will be greatly stressed to create a will when you are already sick. If you have prepared your will beforehand, you will have great peace of mind when the time of illness comes, to know that you have prepared your estate to be handed down to your loved ones in a fair manner.
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