Why Should I Start Estate Planning?

family meeting with a lawyer

Few people want to think about their own death. That's why many people avoid estate planning. No matter your age, early estate planning provides you with peace of mind knowing that your belongings, property, and other assets will go to the person you want to receive them. Estate planning is easier than you think when you work with a compassionate family law attorney.

Avoid Family Drama

An estate plan isn't just for the uber-wealthy. Middle-class people need an estate plan, too. This plan provides legally binding instructions on how your property, belongings, and assets will be distributed after your death. In many families, the division of assets often involves a lot of drama, arguments, and ill will. Creating a plan for your estate with a child custody attorney will distribute your assets exactly how you prefer. Your family won't have to fight over who gets which item or whether or not the distribution is fair or equitable. You get to choose who gets what, and you don't need to explain why.

Give Yourself Peace of Mind

Perhaps you worry about who will inherit unique family heirlooms. Maybe you're concerned that a family member will squander a cash inheritance. You may also feel anxious about how your family would handle your passing and whether or not they would treat your treasured belongings with care. Setting up an estate plan now gives you peace of mind knowing that each item and asset you own will be distributed in a way that matters to you. A family law attorney creates an airtight plan for all of your assets, and the probate court will follow this plan after your death. If you don't have any heirs, you can specify a charity that's close to your heart, and the charity will receive the proceeds of your estate.

Reduce the Burden on Your Loved Ones

After a loved one's passing, many families find themselves in turmoil regarding the distribution of belongings. They may fight over prized items. When you create the plan for your estate, the executor follows it exactly as you specify. Your loved ones won't have to divvy up those family treasures.

Avoiding estate planning is avoiding the inevitable. By working with a family law attorney now, you can make a legally binding guide for distributing your property, personal belongings, and assets. Early estate planning ensures that if you pass away from an unexpected accident or illness, your property will go to the person you want to receive it.

If you have any questions about estate planning or want to set up a consultation with a child custody attorney, contact us at Law Offices of Michael D. Iverson, APC today.