What do you think happens to your property and assets, when you die? It makes sense to think that it’ll be handed over to your next of kin as a default and that they’ll carry on without you, whilst still being under your wing, right? In a perfect world, that’s how it should be immediately after your death but in truth, there are so many legal and bureaucratic hurdles following a person’s death that your family might not have access to your property for a long time after your death and when they finally get it, they’ll have too many taxes to pay.
Your family might not even understand all of the legal jargon that will be thrown their way after your demise and you won’t be around to take charge. The best way to make sure that none of this ever happens and that your property falls into your family’s hands as per your will the moment you die, you’ll need to draft an estate plan. This is a legal document that carries your will regarding your property. With wills & estate planning, you can rest assured that nothing will get in the way of your designated family receiving the property you have left for them after you’re no longer in the picture.
Sitting with an estate planning lawyer will open you up to all the unpleasant scenarios of what could happen to your property after your death and then you’ll realize the importance of wills & estate planning. After your demise, your lawyer will make sure that your estate plan is followed and that our family doesn’t have to face any unpleasantness from the legal system. Make this plan, even if you’re in good health because you never know what tomorrow brings.