Why put estate planning off?
One of the most common responses I receive when I ask clients who have come to our office for a real estate transaction if they have a Will is, “No, I have been meaning to do that for so many years. That is something I should probably do.” I think that most people would prefer not to think about their death and think of estate planning as something only for either older people or rich “fat cats.” Even if the client thinks that they probably have a need for these services (and all clients do), it will often get sent to the backburner as something that can be done later in life. The perils of this line of thinking cannot be overstated. In a previous blog, I stressed the importance of parents being able to name a guardian to look after their children in the unfortunate circumstance that something happened to them. How important would you value the ability to make this selection rather than the probate court?
What about your property? Intestacy laws in
If not now, then when?