One of the greatest fallacies of nature lies in the creation of mankind. From the very beginning, people are doomed to a futile existence with no assurance as to when the end will arrive. It is all a fatal game of chance that you are destined to lose and the end depends on how long you can keep playing the games. Sooner or later, a bad hand may be dealt that will result in your demise. No one can predict the exact instant and it is all left up to fate. However, civilization must proceed on its destined course and order must ensue. There are several loose ends that need to be officially finalized before an individual’s death failing which his family could lose the inheritance and would be left high and dry in the face of a cruel world.
Stephen A .newstadt
One needs to finalize his will and leave a documented directive of inheritance which can be sanctioned by the local court and in the presence of estate attorneys Los Angeles. This would help your family avoid any complications regarding inheritance and continue their futile battle with life in peace. The absence of a will would result in all the assets and properties to be seized by the court. The court then decides the division of inheritance as it sees fit. In event of a lot of debt, the assets can be seized as collateral by the lender that would leave the family homeless. One cannot hope to leave such a hopeless legacy and the family should not be burdened with such a eulogy in the event of mourning. EstateLaw can be your reliable law friend in such cases.
An estate planning attorney is there to help you plan for what will happen to your estate after you pass away. Estate planning is for everyone, not just for the very wealthy or retired. Because you never know what will happen tomorrow, you should prepare now to make sure that everything you own goes to the people you want it to. For such purposes, it is advisable to turn to an attorney that specializes in wills, trusts, and estates. In the event that you pass away without leaving a will or a trust, your assets will be distributed according to the probate law in your state. The results may be counter to what you actually wanted, and can also be very troublesome for your family.
Stephen A. Newstadt, ESQ.
Estate Attorneys in Los Angeles can help you prepare your will or trusts. Initially, your estate attorney will help you identify the beneficiaries to whom you want to leave gifts to, and what gifts you want to leave them. Having a will has its own pros and cons, as do trusts, but a will is often less expensive. However, a will must go through the state probate process. A trust, also known as a living trust, while a bit more expensive, avoids probate and interference with the court altogether. Your estate attorneys will be there to guide you through the whole process so that you will not need to worry. Even if you are thinking that this is not the right time to have a trust or a will, you should nevertheless consider it, because you never know what could happen tomorrow. In addition, wills and most trusts are extremely flexible and can be changed by you at any time, giving you much peace of mind.