Importance of Making Your Will Right Away
Planning for what happens to their estate is the last thing on a person’s mind while he is 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. The truth is no one know when their time will be over. This is the reason why it is important to call an estate attorney now in preparation for this event. Below are some other reasons why this is the best thing you could do.
We have seen it all in the movies and read it in novels, where families squabble over the estate of a dearly departed. You surely would not want this to happen to your family when you depart. Taking legal action against each other over inheritance is something you wouldn’t want to happen to them. And if you don’t create a will now, then this will definitely happen in the future. You estate will then be accessed by court order depending on its size. 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. If there is no such appointment, it is the court who will decide on who will take care of your children. 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. 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. On a checklist for settling an estate, appointing a guardian should be near the top of that list.
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.
Discuss your will with an estate attorney even before you fall ill. If you wait until you are sick, it will add unnecessary stress to your weak condition. By the time you get ill, you will have great peace of mind that you are ready to depart and leave your family an estate which will be properly handed down to them.