I was recently involved in a car accident. Unfortunately, since it was my first accident, I was scatter-brained and anxious. What I did not realize at the time was that the actions you take immediately after the accident can affect a personal injury case and the outcome of that case. I wanted to find a way to share my experiences and mistakes with other. Since the Internet is so popular, I figured this would be a great way to do so. While you likely aren't planning on being in an accident soon, if you are, hopefully you remember some of the tips I share on this website.
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Why You Should Not Handle Your Own Estate Planning
Yvonne Russell
If you have any sort of assets, you should have an estate plan. This includes any retirement benefits, property, or cash. When you die without an estate plan, there can be some expensive issues left for anyone who is left to deal with your affairs. You need an attorney to help you get your estate in order. You do not want to do your own estate planning. Otherwise, you can face some problematic issues, including the following:
You Could Use Incorrect Laws
If you try to do your own estate planning, you should know which laws to refer to. If you do not follow the laws of your own state, your estate can be void after your death. Different states have different rules around what validates a will. If you do not take the right steps according to your state laws, your estate will likely end up in probate and remain tied up for years. This will prevent anyone from being able to utilize any assets from your estate. An attorney in your state will know the correct state laws to apply when planning your estate.
The Attorney Will Handle Your Dependents
If you have dependents or children, you need to name who you want to care for them in the event of your death. When you try to take care of your own estate, there is a risk your dependents will not abide by your wishes regarding guardianship.
Your attorney will make sure your dependents will go to those you want while also making arrangements to care for their financial well-being. An attorney can set up a trust for each dependent for the guardian to use for their care.
Deal with Familial Disputes
If you have an attorney who facilitates your estate, you can be sure your family will not have a reason to fight when you pass away. If you do your own estate plan, the chance of infighting is higher because the situation is he-said, she-said in many circumstances.
No matter if your family never fights, the circumstances surrounding a death and estates can change how people behave, unfortunately. If you have a car you want to leave to your niece to use for college and you only made that statement out loud, your next of kin can say that the car goes to someone else since you did not include your wishes in a written will.
If you would like to learn more about an estate planning lawyer, visit their website like https://www.linskylaw.com
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