The Benefits of Estate PlanningTuesday, March 26, 2019
Estate planning may not always be the happiest topic, but it can have good benefits for the future of your family if something should happen. Beginning your estate planning can also be intimidating, but Woods Law Office can help you create the best plan for you and your family. This article explains why you really shouldn’t wait to begin estate planning.
Providing for immediate family is likely the most important reason to create an estate plan for people. Without a will in place, the court decides what happens to your assets. If you have any children under 18, the court will decide who will raise your children if you have not created an estate plan. This also applies to any other family members who are unable to care for themselves that are currently under your own care.
Creating an estate plan will also make all your intentions and wishes perfectly clear to your family members. Ambiguity will not be an issue, and it will resolve any possible difficult decisions your family would have to make without a will. Doing this will help eliminate possible arguments amongst family members over these big decisions.
Moreover, estate planning will get your property and finances to your loved ones quickly. Courts can take from 3 to 9 months to decide where your assets will go after you die if you don’t have an estate plan. If you make the wise decision to hire an attorney and create an estate plan, your assets will be distributed without delay. This will help your family be able to stay on top of their bills, pay for your funeral, and any potential outstanding medical bills as well.
As you can see, estate planning is truly beneficial to your family after your passing. It is a sensitive topic, but the lawyers at Woods Law Office have a lot of experience handling this event.