Estate planning is the process of drawing up the legal documents that detail what a person wants to have done with their estate after they die. Though no one like to consider their own death, waiting too long for estate planning can be risky. With no will in place, the state will decide what is done with the deceased’s estate. Getting help from an Estate Planning Lawyer in Kingston Wa is an essential part of being able to ensure all of the details are in order.
Benefits of Estate Planning
There are multiple benefits of estate planning, and getting help from the Estate Planning Lawyer in Kingston Wa makes the process much easier. The following offers some insight into the benefits of seeking these legal services for estate planning.
- One of the most important reasons for estate planning is to protect the family. When a person dies without a will in place, the family may get less, and it will likely take them a lot longer to receive it. Putting an estate plan in action will ensure the family is properly cared for as soon as possible after the death.
- With minor children, it is essential parents have an estate plan in place that names the guardian of the children. Without this in place, the children could be placed with CPS, and the courts could decide who is granted guardianship. This is not something any parent would want to happen to their children.
- Without an estate plan in place, a deceased individual’s estate could go through probate, which can be a long, exhaustive, and expensive court process to settle the estate. This process can dramatically reduce the amount of money the family will receive.
- With estate planning, the assets will be distributed almost immediately after the death versus making the family wait months to receive any of the assets. With an estate plan in place, there is much less stress on the family.
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Having an estate plan in place is essential for anyone with assets and is especially important for those with families and minor children. Getting help from an estate lawyer will make the process much easier.
