Why do you need an estate plan?
Why do you need an estate plan?
An estate plan is a set of instructions for what you want to happen with your assets after you die. Regardless of whether it's a will, a power of attorney, or a trust, you need one. Here's why:
With no plan in place, the laws of your state will determine who inherits your property, which may not be what you intended. It will also be distributed according to certain rules and guidelines, some of which may not meet your wishes. And if you don't have an estate plan in place when you pass away, it could take months—even years—for your assets to get into the hands of those they're meant for. While this may seem like a long time when you're under normal circumstances, it can be devastating if there are questions about who's next in line to receive the inheritance or if there are legal battles being waged over it.
Your estate plan can help ensure that the people and organizations in your life who matter most are taken care of as quickly and efficiently as possible following your death. It can help those who survive, you know how to deal with financial matters that come up after your passing. And perhaps most importantly, an estate plan can relieve stress from family members left behind.
If you need an Estate Planning Lawyer, please call this law firm for a free consultation.
Ascent Law LLC
8833 S Redwood Road Suite C
West Jordan UT 84088
(801) 676-5506
