How many people do you think have their estate planning all in order? Although many people know that having an estate plan in place is a good idea, there are still thousands of people in the Lee County area who have yet to get started on this important step in life. Although, death may not be something you like to talk about, especially your own, planning ahead will make things much easier on your loved ones when you pass away.
According to a survey by FindLaw.com, in 2012 only 35 percent of all Americans have a will. Not having a will could be very costly for a person’s family when he or she dies. Without a will one’s estate, including all his or her assets, might end up being distributed by a court according to state law. Meantime, having a power of attorney is also very important. Someone with power of attorney can make sure that a person’s wishes regarding his or her financial matters are carried out.
One’s finances aren’t the only reason it’s good to have a power of attorney. Should you become very ill or incapacitated for some reason, having a health-care power of attorney allows someone to make decisions on a person’s behalf for his or her medical care. This can help one’s family members and doctors make important decisions on his or her behalf.
Getting an estate plan in place has many aspects, which is why you might be hesitant to start. However, an experienced estate-planning attorney can answer all of your questions regarding your estate and help get you started on your plan.
Source: The Washington Post, “Put your estate plan on paper before its too late,” Michelle Singletary, Mar. 20, 2014