And Why an Estate Plan is So Important

No matter the age, every adult with property should have an official plan for the future. Estate planning involves deciding what you want to happen in the case of your death. If you’re married, estate planning will involve making decisions with your spouse about what will happen to any property, personal belongings, accounts, and more.

Why an Estate Plan is Essential

Simply put, an estate plan puts your requests into writing so that your wishes are carried out if you pass away. An estate plan can also make your wishes known about difficult decisions relating to palliative care, should you need that in the future. Without an estate plan, your loved ones could be left to incur extra charges and they may be at a loss about what you would have wanted.

What’s Involved in the Probate Process

Once you pass away, the “probate” process begins, wherein everything is distributed to your designated beneficiaries according to your wishes. In addition to distributing to your beneficiaries as stated in your estate plan, probate includes paying taxes or debts owed.

Why You Should Hire an Attorney

A detailed estate plan, compiled with the help of an experienced attorney, can help plan for all contingencies and take as much stress out of the process as possible for your loved ones. You should even think about what will happen to objects that have sentimental value rather than monetary value, as these could create friction among your beneficiaries if you don’t plan ahead.

An experienced attorney like Nathan D Pace PC can assist those looking to put together an estate plan. Additionally, he works as a probate attorney to help those who have lost a loved one. Whether you need an estate planning attorney or probate lawyer, turn to Nathan D Pace PC and make sure your probate case is resolved swiftly and fairly. Contact our office today to learn more.