Importance of Making Your Will Right Away
Not many people plan for what happens to their estate while they are still in good health. People who have money and properties should start thinking about whom to leave these possessions once they die. You don’t know when death will come knocking at your door and it is not safe to assume that it will still take years before that happens. The day of your death will never be known to you or anyone else, and even young people die every day. This is the reason why it is important to call an estate attorney now in preparation for this event. Here are other reasons why calling an estate attorney is only for the best.
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. Surely, this is not the type of scenario you would want your family to face. 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. And if you don’t create a will now, then this will definitely happen in the future. Access to the deceased’s funds will be by court order, depending on the size of your estate. If you have a will and testament then everything is easily settled and your loved ones can focus on grieving for their loss.
If you have children under 18, you will need to appoint a guardian by law. The court decides who takes care of these young children if you guardian was appointed. Since the court does not know how your family relationships work, the best person to take guardianship is the one who is the closest member of the family and the one who is in the best financial position. But, you might not want this for your 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.
In the absence of a will, we are quite certain that family members will fight over inheritance. Who will get what should be determined and disclosed to your estate attorney. This will prevent families from taking legal actions against each other.
While you are still healthy, make sure that you discuss and make a will before an estate attorney. If you wait until you are sick, it will add unnecessary stress to your weak condition. The main benefit of preparing a will long before you fall ill is the great peace of mind that you will have knowing that your estate will be properly handed how to your family when you pass away.