DO I NEED AN ESTATE PLAN EVEN IF I’M NOT WEALTHY?
When many people think of estate planning (or even just the word “estate,” for that matter), they envision lavish dinner parties where guests talk about summering in exotic locations. But the fact of the matter is anyone from any income level can benefit from some sort of estate planning. Even if you don’t think creating an estate plan is worth your time, here are three reasons it’s worth considering.
is a crucial element of an estate plan if you have young children, and the courts won’t always agree with your last wishes if they’re not legally binding. When you put your wishes for guardianship in your estate plan, you can ensure your children will be taken care of even if you’re gone.
YOU CAN ALLEVIATE THE BURDENS OF YOUR SURVIVING FAMILY.
YOU CAN DECIDE WHO GETS YOUR ASSETS (AND WHO DOESN’T). Without a legally binding estate plan, you won’t have any say in who gets your assets after you’re gone. Say a woman who isn’t very close with her surviving family dies and wants to donate her estate to a favorite charity instead. If she doesn’t have an estate plan, her assets will more than likely go to her surviving family against her wishes. YOU CAN DECIDE WHO WILL BECOME YOUR CHILDREN’S GUARDIANS.
Grieving over the loss of a family member is hard enough. Adding the stress of discerning your final wishes without any direction will only aggravate any conflicts over how your assets should be divided. While many people would like to think their families could figure out how to fairly distribute assets amongst themselves, chances are that won’t happen. It will benefit both you and your family to have a plan in place.
Throughout the estate planning process, it’s smart to have an experienced attorney to go to for questions and advice. The attorneys at Obiorah Fields, LLC can be those attorneys for you. Give us a call today.
Thinking about who would raise your kids if you die isn’t fun, but is it a decision you want to leave up to the courts? Guardianship
At Obiorah Fields, LLC, we’re not your standard, run-of-the-mill law office. We don’t just do what’s required of us — we go the extra mile to make sure justice is served in every case we take on. If you’ve worked with us before, and you know somebody who could benefit from taking us on as their legal team, please don’t hesitate to give them this newsletter and show them who we are! We want to help as many people as we can. We’re just one phone call away from new potential clients. If they contact us through our website and give us their name, contact info, and a brief description of their situation, we will give them a free case evaluation and report. Don’t hesitate to refer us! DO YOU KNOW SOMEONE WHO NEEDS OUR HELP? GIVE THEM THIS NEWSLETTER!
NEED A SPEAKER? If you are interested in having Teri Fields speak to your organization about legal issues, please contact us at 404-994-6218.
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