In Illinois and elsewhere, the topic of mortality does not make many people’s Top 10 lists of favorite conversations. Many people shy away from such topics because they want to focus on living rather than the fact that they are going to die someday. This hesitance often causes procrastination in the area of estate planning and administration.
Surprisingly, many people understand the importance of executing a solid estate plan but fail to do so, simply because they don’t like thinking about the time when they will no longer be here. Most of these same people love their families very much and would do just about anything for them if they knew it would help them in some way. This is why experienced estate planning attorneys provide services to help people put their gifts in writing.
Instituting a solid estate plan is indeed a viable means for helping loved ones. In fact, it can prevent a lot of stress that may otherwise be experienced if someone dies without having set a plan in place. It’s also a good way to make sure that each asset is distributed to the person of one’s own choosing rather than allow a probate court to decide who gets what.
It can a be a great relief for adult children, spouses or other heirs and beneficiaries to learn that their loved one took care of everything to ensure their inheritance ahead of time. There are also ways to protect loved ones from exorbitant taxes and other possible expenses they may encounter if no estate plan exists. Anyone in Illinois with questions about the estate planning and administration process can reach out for support by arranging a meeting with an experienced attorney in the area.
Source: mvprogress.com, “Estate Planning And Thanksgiving Gratitude“, Jeffrey J. McKenna, Nov. 15 , 2017