Too many people put off things they should do today. One huge mistake people make is putting off the writing of their will and creating an estate trust. They believe they have plenty of time to do this, when sadly, they end up finding out too late that they don’t. Heirs left behind are often left struggling with what to do with the estate and the valuable items the deceased had. Don’t put off planning your estate. A Chicago, IL lawyer can help. You should also know some other reasons why it’s a bad idea to fail to plan ahead for your estate.
No Will Means Creditors and Government Agencies Can Seize Your Assets
Estate planning by a Northbrook probate lawyer will protect your assets after you have passed away. Creditors and government agencies cannot seize your property, cash or valuables when a will exists. A Northbrook probate lawyer sees to it that your debts are paid and that your heirs receive what is rightfully theirs.
Heirs Spend Less Time Fighting Over Who Gets What
While it is true that heirs may still fight about who gets what when there is a will in place, they have to go through the proper legal channels to do it. If you don’t have a will and didn’t plan for your estate, a lot of rifts could develop among your heirs. Additionally, anything you planned to leave someone other than your family (e.g., a charitable organization) will not receive it because it was not stipulated prior to your passing. Contact Orlowsky and Wilson, LTD.
