Estate planning is a crucial part of ensuring that your assets are distributed according to your wishes after you pass away.
Despite this, many people often neglect to create a will or make a plan for their estate.
Here are a few reasons why everyone should consider creating an estate plan:
- The control over your assets: Without a will, your assets will be distributed according to state law, which may not align with your wishes. By creating a will, you can ensure that your assets are distributed exactly as you intend.
- Protection for Your Family: Estate planning can provide protection for your family in the event of your passing. A well-crafted estate plan can include provisions for your children's care, and can protect your assets from creditors or other potential threats.
- Avoiding Probate: Probate is the legal process through which a court determines how a person's assets should be distributed after their death. By creating an estate plan, you can potentially avoid probate and ensure that your assets are distributed more efficiently.
- Peace of Mind: Knowing that your estate is in order can provide peace of mind for you and your loved ones. Rather than leaving the distribution of your assets up to chance, estate planning allows you to take control of your legacy.
Creating an estate plan can seem daunting, but it's an important step for everyone to take. If you're ready to start planning your estate, contact a qualified attorney to help guide you through the process. With the right plan in place, you can ensure that your legacy is protected and your wishes are carried out.
We at Wainwright and Cummins are here to help you every step of the way when creating a Will. If you would like to book an appointment with a member of our team today please call us on 0207 095 5700 or email newenquiries@wainwrightcummins.co.uk
