You Never Know What the Future Holds
You would probably have to agree that you need to protect your assets going into the future. You may also agree that nothing in life is for sure. You cannot see into the future to know how many days you have left on this earth. We understand that estate planning is not the easiest thing to do. You may put off the estate planning process because it is difficult to talk about, and you feel you do not have the money to pay an attorney. Not being prepared for the future can cost you a whole lot more money.
While you probably do not want to think about death and dying, you must prepare for whatever comes your way. You can give your family and yourself a wonderful gift called estate planning. It is best to contact a specialist Wills and Estates lawyer in Sydney because it protects you and your family when you die and ensures a stress-free future. It is best to have your estate planning done legally by an attorney with experience in estate planning.
Planning for Your Future
Planning for your future is ideally initiated at a young adult age. However, and sadly to say, most young adults live for the moment without a second thought about the years that lie ahead of them. Young adults believe they have all the time in the world and nothing will happen to them. Soon all the years you had to prepare for the future are gone.
Estate planning can occur at any age, and you are never too young or too old to plan for the future. When you fail to prepare for your future, you do nothing except leave a massive mess for your family to deal with. For example, not leaving a will can cause many complications such as the need for a probate sale. But what is a probate sale? A probate sale is necessary when someone passes and hasn’t designated who the property is to be left to. It must then be sold, and debts covered, and the proceeds split. All of these extra complications and heartache will be in addition to the grief your family is going through because you are no longer with them.
Items of Interest in Estate Planning
Estate planning protects you and your family and gives you peace of mind knowing that you took care of your family’s future should anything happen to you. Each person coming to us for estate planning is different, with unique needs. Please talk with us to help us understand your individual needs and desires should you die. There are many benefits to planning for the future, and we listed several as follows.
- If you or your spouse dies and you have minor children, who will care for them?
- Medical advanced directives outline all your wishes for medical intervention if you can no longer make your medical wishes known. One example is if you are in a coma. A loved one is appointed to ensure that your medical team carries out your medical wishes. The doctors can manage your healthcare without an advanced medical directive, which may not be what you want them to do.
- It is best to select another person on all your checking and savings accounts, CDs, stocks, bonds, real estate properties, safety deposit boxes, and more. Being joint on these financial things ensures that no blocks are put on these accounts, and they do not go through probate court. Probate court can take a very long time to settle. Your advocate needs to access your money to take care of end-of-life expenses.
- Estate planning helps you avoid the time-consuming expense of probate court.
- Estate planning protects your wishes and desires medically and financially.
- Last Wills and Testaments outline how you want your assets divided among family and friends.
- Ensures that all your wishes and desires are fulfilled by crafting individualized documents that fit your unique situation.
Our legal team can design the following documents to help your family and friends go forward with your complete wishes should you die or become unable to relate these personal desires.
- Contested and non-contested wills
- Durable Power of Attorney for Medical
- Durable Power of Attorney for Finances
- Trust Funds
- HIPPA Release Forms
- Advanced Directives
- Estate Administration
- Temporary and permanent guardianship of children and disabled adults and guardianship appeals
- Government benefits
- Estate Fraud
- Duress
- Forgery
- Lack of capacity
- Undue influence
If you reside in the state of Texas, our estate planning attorneys can help you protect your future. Our team of attorneys does probate litigation and will go to probate court for your family. However, we want to help you avoid any notions of probate court due to the time it takes to settle an estate in probate and its cost.
We cannot stress enough that planning for the future is for all income levels. Please, never neglect to care for your family’s future because you think it is too expensive or do not have the time to spare to meet with an attorney experienced with estate planning. The outcome of no future planning can be far more costly, time-consuming, and frustrating for your family. It is to your advantage if you and your attorney meet as soon as possible.
It is wise to meet with us and review your documents yearly to ensure that no changes are required and to keep all information up to date. Take the time to meet with us to formulate your individualized estate plan, and make sure to meet with us at least yearly.
Making difficult decisions is hard to do today, and these decisions get no easier if you wait until tomorrow, next week, or next year. You are taking a significant risk with your future. Do this as soon as possible, and do not wait another day to make your appointment for estate planning. Protect your estate and those you love.
