Family Matters: Why You Should Start Estate Planning Now
The last thing that you probably want to think about right now is passing away and leaving behind your estate to your loved ones, so estate planning probably isn't one of the top things on your list.
However, you never know when something could happen, so it's better to tackle estate planning now rather than later. These are some of the reasons why estate planning is so important and why you shouldn't put it off any longer than you have to.
Be Prepared for Anything
First of all, it's a good idea to be prepared for anything. It's not just about passing away; there is a chance that you could get sick and could become unable to take care of your property. Having a plan in mind can help ensure that your estate is cared for no matter what happens.
Ensure Your Wishes are Respected
There are certain state laws in place regarding what will happen to your property if you pass away. If you focus on estate planning now, however, you can ensure that your wishes are respected in the event that something happens. This can be better than allowing the state to implement any laws that it has in place regarding these matters.
Prevent Family Feuds
Even perfectly normal and happy families can have major feuds over property and will disputes. By creating a plan now, you can help prevent your family from arguing after your death.
Take Care of Your Property
You probably want to make sure that the things that you have worked hard for will be protected after your death. If you create an estate plan now, you can help ensure that there is a solid plan that will protect the things that are most important to you.
As you can see, estate planning is critical at any stage of life. If you contact us at the Law Offices of James C. Shields, we can explain the process and help you get started.