A little careful planning never goes astray in the long run. You are in control of your life and you get to shape the future by acting on the present. There are several cases that come up along the road that would make you wish you had planned for it. Although there is no way to predict every outcome, there is one future you can be certain of. Mankind lives a doomed existence and every individual is destined to die. In such an event, you can plan to have your assets and possessions divided among your family members such that they do not have to face unnecessary hassles and the complications of the court in the event of your death regarding your inheritance.
A Living Trust attorney can take care of sanctioning your will such that your assets are inherited by your intended beneficiaries without the probability of the court being involved in the middle. Legacies that involve a lot of debt force the assets to be seized by the lender as collateral in the absence of a will. The will can dictate the transfer of possessions to the inheritance beneficiaries and simultaneously the responsibility of paying out the owed debt. This would therefore not result in leaving the family homeless and without any means of continuing their lives. This is even more applicable in the event of minors as the will states the guardians of the minors in the event of death. A planned will would be more effective than no will at all and it is an infinitely wiser choice. Estate Law is one of the leading service providers in this regard.
- How to create a bulletproof estate plan (consumerreports.org)