Why Call an Estate Attorney Right Now?
When aging people are still in good health, the last thing they want to think about is what will happen to their estate when they die. If you are someone with considerable wealth and properties and advancing in age, you would do well to start thinking about what will happen to your estate in the event of your death. 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. Read on to find out why now is the right time to speak with your estate attorney.
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. Nobody wants their family fighting over their fortune after their departure. You wouldn’t want them taking legal actions against each other over inheritance. When the time comes, this will surely happen, if you have not prepared for its eventuality. 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.
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. You might know of a better person to be the guardian of your children, and this is not necessarily a family member. That is the importance of appointing a guardian for them as early as now. 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. Dictate clearly in your will, who will get what, to an estate attorney. When things are settled properly, there won’t be any family shattering fights to expect.
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. 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.