It's true that an ounce of prevention is worth a pound of cure, and I know I don't want my loved ones put in the difficult situation of having to decide the details of my estate plan.
Sure, it's easy to feel like the creation of an estate plan today doesn't provide a tangible or direct benefit to you, but the truth is that it empowers your loved ones in big and important ways, such as enabling clarity of ownership.
Many relatives find themselves overwhelmed in realizing that they might have to foot the bill before a person can make use of a loved one's high value asset. Another reason to make things easier on your loved ones is to keep it in the family.
Avoiding probate is a common goal expressed by many of our clients when they come to our estate planning office, and this is because every court filed probate document becomes a public matter available to anyone who wants to take a look.
Finally, one of the biggest and easiest reasons to accomplish your estate planning is to avoid a big mess. Many people have interfaced with probate in one way or another and have not had a positive experience as a result of the expense and time involved.
What’s your lineage?