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. Death is certain but its timing is uncertain, and so it pays to be prepared for this. The day of your death will never be known to you or anyone else, and even young people die every day. With this in mind, now is the best time to discuss with an estate attorney that things needful in preparation for your death. Below are some other reasons why this is the best thing you could do.
We are all too familiar with the scene of families fighting over inheritance in movies and books. You surely would not want this to happen to your family when you depart. 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. But, this can surely happen if you don’t establish a will. By court order there can be access to the deceased’s funds depending on the size of the 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. It is then the court’s duty to assign a guardian if there is no indication of whom you want to care for them on your departure. Sometimes, because of their lack of knowledge on the workings of your family relationships, the court will assign guardianship to the closest member of the family 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.
If there is no will your family is bound to fight over their inheritance. Who will get what should be determined and disclosed to your estate attorney. This will definitely prevent things from escalating toward family shattering fights.
Do not wait until you fall ill before discussing your will with an estate attorney. It will add unnecessary stress to your already stressful 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.
More information: his explanation