Nobody like this conversation. It’s uncomfortable and it often gets emotional for family members or friends. Sooner or later, we have to face the eventuality of our own deaths. I told you that you wouldn’t like it but it’s important that you understand how to protect yourself, your wishes upon passing, and the best interests of your loved ones. They are what this is really all about.
A mature, responsible person will realize that steps must be taken to ensure your estate and what you leave behind. Anything can happen, and the last thing you want is for something to happen to you unexpectedly before estate planning was put in place.
Statistics tell us that in the U.S., approximately 55% of adults and 41% of all Baby Boomers do not have a will. In Texas, the entire probate process can be completed within six months for a relatively simple estate. However, expect probate to go on for a year or more if the original will cannot be located or the will is contested. Wills and the probate process are serious legal matters and require the services of an experienced probate attorney.
Here are three important reasons why you should consider estate planning before it’s too late:
Secure Your Finances
Working with an estate planning attorney doesn’t have to be only about your death; it can also be an important discussion about where your finances should be kept. Consulting with financial advisors will ensure that you can properly monitor all your finances. This is important because you won’t be as susceptible to financial exploitation if you have professional assistance.
Secure Your Family’s Future
Once your will is official, your family should be financially secure and their overall stress levels should begin dropping. No one wants to lose a loved one, but it happens, so minimizing the stress and complications of those situations should not be taken lightly.
One of the most difficult things in the world is dealing with the loss of a loved one. If you also have to worry about where all your loved one’s finances would go, the situation would be so much worse.
Give Yourself Some Peace of Mind
Although discussing your family’s future is a hard conversation to have, you will feel much better about it once it’s done and you can get back to living and enjoying your life. Just knowing that your family will be financially secure after you’re gone can provide you with the peace of mind that you deserve.
Contact B Sloan Law today for a free consultation about your estate planning concerns and getting started on probating your will.
“Statistics tell us that in the U.S., approximately 55% of adults and 41% of all Baby Boomers do not have a will.”