Whether the cause is old age, illness, or the unexpected, the prospect of death can be overwhelming and daunting to anyone approaching that time in their life. But if you’re like the 64% of the American public that doesn’t have a will or the 66%` of survey respondents who don’t know what will happen to their digital assets, it may be time to start thinking about wills and estate planning services. Will and estate planning is essential in ensuring your assets and your loved ones are taken care of, long before you pass. Here are three reasons to start planning your estate and will today:
- Provide for your loved ones. If you have a spouse, children, or immediate family members that you wish to provide for after passing, getting a will is the best way to ensure that their lives go on as normally as possible. This is especially important for families with children under the age of 18. In the unfortunate case that both spouses die before the children reach the age of 18, writing a will and personal estate planning requires you to name an official guardian for the children in question. Without this, the case and custody question will go to the courts, as will the decisions regarding your remaining assets, education, and finances left behind.
- Make expenses as minimal as possible. If you fail to plan your estate before passing, the division and distribution of your assets may prove to be more expensive, preventing your loved ones from getting the money you wanted them to receive. Planning your estate ahead of time is more cost-effective.
- Ease the strain on loved ones, financially and emotionally. Death can take quite the toll, in more ways than one. Estate planning services ease the strain and mitigate the grief of your family members and loved ones, making the process of grieving easier and a little less painful.
>Even more surprising is the fact that over half the population (51%) between the ages of 55 and 64 don’t even have wills. If you are one of these Americans, contact your probate law attorney today.