WILLS & ESTATE PLANNING
WHY HAVE A WILL…
As average Americans, we work 80,000 hours in a lifetime, or 45 to 55 years. Inspite of all the resources and assets we earn, the vast majority of us do not take the time to create a Will.
National statistics indicate that 80% of Americans foolishly die without leaving a Will.
There are several reasons for this: fear of death; procrastination; and misinformation (people presume that only the rich need to have Wills). Whatever the excuse, it is clear that people would benefit from having a Will.
In the absence of a Will or other legal arrangement to distribute property at death, problems arise. The result can be lengthy delays before the rightful heirs receive their property.
IF YOU HAVE NO WILL:
If you leave no Will or your Will is declared invalid because it was improperly prepared or is not admissible to probate:
- State law determines who gets assets, not you.
- Additional expenses will be incurred and extra work will be required to qualify an administrator.
- Judge determines who gets custody of your minor children.
- Possible additional State inheritance taxes and Federal estate taxes cannot be reduced.
- If you have no spouse or close relatives the State may take your property.
- The procedure to distribute assets becomes more complicated-and the law makes no exceptions for persons in unusual need or for your own wishes.
- It usually cause fights and sometimes lawsuits within your family.
When loved ones are grieving and dealing with death, they shouldn't be
overwhelmed with Financial concerns.
Careful estate planning helps take care of that.
Don't try to do Estate Planning with a cheap form found online.
FOR A FREE REVIEW OF YOUR CURRENT ESTATE DOCUMENTS AND/OR A FREE CONSULTATION ON PREPARING NEW ESTATE DOCUMENTS ... FILL OUT THE CONVENIENT FORM ON THE RIGHT OR JUST CALL 1800 ASK LAWYER (1800 275 5299)
"LEGAL QUESTIONS?" FOR ANSWERS, JUST ASK...1800ASKLAWYER (800 275 5299)
