Show Friends & Family How Much You Love Them With Good Estate Planning

It is a typical theme for a TV comedy that somebody

, most likely the husband, doesn't want to write a will or make an estate plan since it means that he has to realize he will die one day. This provides amusing entertainment in the "reel" world but not in the "real" world. For example, think about John Denver, who passed away without a will to show how he wanted his multi-million dollar estate to be handled. Three children and two former wives were left behind to deal with the issue with many lawyers in the court system.

The death of someone you love is hard enough without it causing stress for the people left behind. Something terrible happens when there is money or valuables to be divided. A basic will can guarantee that the ones you love receive what you want them to have. Unless you have a will, the state dictates who gets your estate and also who gets your children if they are left without a parent and you didn't say who you wanted to raise them. Agreeing verbally with your best friend, who has good morals like you do; to take care of your children if something happens won't mean anything at all. If you don't have a will to specify your choice, the court might give your children away to your spouse's crazy sister should both of you die at the same time in an accident.

You at least need a will for estate planning and to take care of your family. The laws vary according to the state you live in; for California, the next thing to do is to have a Revocable Living Trust. You can continue to take care of your assets while you are alive and choose who will take care of and divide the trust when you die. You can make alterations to your trust as long as you have a sound mind. A Revocable Living Trust could make leaving your valuables for your beneficiaries an easier procedure. A will has to be passed by the probate court, however most trusts don't have to pass through the court system. Additionally, a probate is an open record but a trust can be private just for the family and the people you leave something for.

As well as taking care of your assets, a good estate planning lawyer will offer the correct health care papers required to make certain your desires are followed if you become unable to make your own medical decisions.

If you have labored hard to take care of and watch over your family, you need to still protect them if something happens and you are gone. A basic downloadable document for anybody to use is not the protection needed. If it is not processed right, it might be worse than not having anything at all. Look for an attorney to help you who is skilled in estate planning. An expert will stay aware of the continuously changing laws and fix your will and trust to prevent any legal issues for your loved ones and the people you leave something for. You can relax when you have your estate planning set up correctly, but it could be a long time in the future before it needs to be implemented.

by: Julia C. McBride

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