It is no secret that most people prefer to not think or talk about their death, yet it is an important part of the life cycle. When you pass away, what will happen to your family, your assets, and your own body? If you don't have an answer for these questions, it is time to sit down with an estate attorney and begin to plan. No, it will not be an easy or fun conversation, but it is necessary. You want to spare your family the stress and heartache of making these difficult decisions and allow them time to grieve their loss. Therefore, Estate Planning and making your wishes known for those left behind is beneficial.
One of the best options when it comes to Estate Planning is to use a Revocable Living Trust (also known as a Family Trust). This will eliminate the need for probate through a court which will save your loved ones in time, costs, and will greatly reduce the amount of challenges they face while implementing your wishes. While a basic Last Will & Testament can be less expensive to establish, there is often more cost in the long run after your passing. The probate procedure can be a lengthy process and create more stress for your family and friends.
Don't let the many Estate Planning options available to you overwhelm you to the point of complete avoidance. When you sit down with one of our reputable Estate Planning attorneys, they will walk you through the various options and you can take the time to decide which one is right for you and your loved ones.