Things People Need To Know About Estate Planning
Individuals are aware that they need to get some affairs in order before death comes calling, unfortunately many people pass before they actually prepare for their inevitable demise. Usually this is because of an untimely passing due to an accident or other unforeseen circumstance. Professionals, such as the ones at LA Probate Law, continually endorse everyone of adult age do some sort of preparation for the unexpected. Such advance planning will minimize the plight of loved ones, because one can hardly recognize the logistics and red tape involved when settling someone’s estate without any guidelines or knowing the wishes of the deceased. Many times, when not properly prepared, probate law will become a tedious hindrance for those trying to fulfill the unknown wishes of the departed. When dealing with such traumatic scenarios, the last thing people want to do is speak with lawyers, judges, go to court, or file innumerous papers in an effort to tie up loose ends.
Another consideration for any living adult is ones belief in what to do medically when one becomes incapacitated. While a horrible thought unto itself, it is a stark reality. Accidents do happen, people do get hurt, and many times loved ones are left to guess, or put forth their own virtues or wishes when making tough decisions about methods of care and/or how far to go medically in order to keep someone alive. If you want to know that your wishes are carried out and the burdens of your demise will not fall at the feet of those you care about, simply consult a professional, like the ones at LA Probate Law. In a short meeting, you can learn more about how to start a living will, for example, in order to outline your desires in the event of a multitude of unsavory circumstances. You can then have the security of knowing that your desires will be carried out, even if you are unable to express them.
Another reason to get a consultation with a probate law professional, such as LA Probate Law, is to secure your desires regarding how your life is celebrated after death, and how people can pay respects in the years and generations to follow. How you’d like to be laid to rest is not a pleasant or often-had conversation. Should you unexpectedly pass, do you know who will be responsible for those decisions? Do you know what they will decide on your behalf? Are you confident that their requests will mirror your virtues and desires? Simply telling someone your wishes isn’t always enough. Heaven forbid you and your confidant suffer an untimely tragedy simultaneously or concurrently, what then? These instances can be easily avoided if you spend a short time addressing them with an estate planning professional. There are many options and not everyone wants the same thing. There are burials, cremations, wakes, funerals, services, and many variables of the aforementioned options. You could prefer a cremation, believing it unseemly to be cremated. Others could have the exact opposite view. Also, cemeteries have many different burial options, some of which may seem deviate to you, but acceptable to the one charged with the task of laying you to rest for eternity. Meanwhile, it is as simple as setting an appointment for consultation with a probate lawyer or estate planning professional to simply express your wishes and have it put in writing, officially and legally binding.
Then you must address your property and possessions. If unexpected tragedy occurs, who will be in charge of your estate? Who will be entitled to your possessions? Who will care for your property? Who will carry the burden of dispersing your finances, addressing your debt, unpaid bills, funeral costs, and etcetera? Many times law will dictate your heirs, your beneficiaries, and your finances. Many times the people who are the most important to you and know you the best are left out of the process. Your best friend, or roommate, or boyfriend/girlfriend will be left with the burdens of your debt and bills, while your estranged sibling will inherit your valuables, property, and/or finances. This wouldn’t be fair, but without the proper guidance and documents, the legal system must follow protocol. A simple phone call, meeting, and/or consultation with an estate planning professional could avoid a lot of unforeseen problems and situations. LA Probate Law professionals are a perfect example of experienced attorneys that can address your needs. You can itemize your possessions and bequeath them to whomever you choose. You can find an executor to disperse these goods in a fair and just manner, the way you would want. You can select someone you trust to address your beneficiaries, deliver posthumous messages, gift your keepsakes, and render your final wishes. Another advantage of preparation is government interference and fees/taxes. Many times, using an estate planning professional can enable you to gift and bequeath more, while paying less in estate taxes and such.
One last thing to carefully consider is the care for any minors and/or children that may be presently in your care. Included in the services firms such as LA Probate Law offer is documentation regarding the care for those you currently care for. Staying in the same school may be important to you, or remaining with family, or staying close to the minors established friends. Don’t let the courts decide the fate of your resting place, property, possessions, finances, or loved ones. Contact a professional today and grab the reins of your legacy.
Things People Need To Know About Estate Planning
Latest posts by Scott Schomer, Estate Planning Attorney (see all)
- What Are the Most Important Things I Need to Know About Estate Planning? - March 23, 2019
- What is an Asset Protection Trust? - March 22, 2019
- I’m Young and Healthy. Why do I Need Medi-Cal Planning? - March 21, 2019