Why Call an Estate Attorney Right Now?
Not many people plan for what happens to their estate while they are still in good health. It is important that, if you have an estate and you are already advancing in age, you take time to speak with an estate attorney and plan what to do with your huge estate when you 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. You will never know; people can die at a relatively young age. This is the reason why it is important to call an estate attorney now in preparation for this event. Read on to find out why now is the right time to speak with your estate attorney.
We are all too familiar with the scene of families fighting over inheritance in movies and books. Surely, this is not the type of scenario you would want your family to face. You wouldn’t want them taking legal actions against each other over inheritance. But, this can surely happen if you don’t establish a will. Access to the deceased’s funds will be by court order, depending on the size of your estate. Your loved ones can grieve properly on losing you, if you have left them with a will and testament to easily settle your estate.
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. The closest member of the family with the best financial position will usually be assigned by the court as guardian in absence of a direct assignment and a knowledge of how relationships are in your family. 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. Make sure that appointing a guardian is near the top of the checklist for settling an estate.
Fighting over inheritance is inevitable for estate owners that has left no will for the family. Who will get what should be determined and disclosed to your estate attorney. When things are settled properly, there won’t be any family shattering fights to expect.
Do not wait until you fall ill before discussing your will with 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.