Estate planning is an important step. Establishing a comprehensive estate plan can help you and your family avoid the stress of an uncertain future. Your estate should be in your control, but we understand that talking about these matters can be overwhelming. Whether you live a modest life or you are a person of means, preparing your possessions for after you pass is something to consider. The goal of a will is to provide directions for your estate, but it also helps your family focus on healing after you are gone.
Establishing a comprehensive estate plan is important. Declaring your wishes for your estate is something everyone should consider, no matter their means. After you execute a will, it may be in your family’s best interests to consider the use of a trust.
When a person passes, the estate administration process begins. If they have passed with testamentary documents like wills and trusts, they have set up a structure of administrators to help follow their directions. If they did not, the state will get involved in the process.
When a person passes, legal issues can easily arise. Unfortunately, wills, trusts, and other testamentary documents can be executed improperly, leading to court cases based on the validity of the documents. There are many reasons to contest a testamentary document. Undue influence from a third party, forgery, and illegal alterations are just some of the many reasons a beneficiary may need to take legal action.
One of the challenges of being named the executor of one’s estate is completing the probate process. Probate is the way that an estate is closed upon the death of the decedent. Of course, this process is often very emotional, so it is essential to have quality legal guidance every step of the way.