There are many reasons why you should have an estate plan. One of them stands out above the others. Getting an estate plan will spare your family a lot of pain later.
One of the last things that most people would ever want to do is to cause pain for their loved ones. However, it is something that many people do inadvertently all the time.
The majority of American adults are in danger of doing it, simply because they do not have estate plans, as the Las Vegas Review-Journal explains in “Estate planning can save your family plenty of money and heartache later.”
Not having an estate plan, means your family will ultimately have to deal with everything you leave behind, including what happens with your assets. They will have to sort out your belongings and decide where everything should go.
They will also have to pay for the probate process to make sure that it is all done legally.
When your family has to pay and make decisions about your estate because you did not, it can cause them considerable pain and money.
Spare your family that pain and get an estate plan.
Reference: Las Vegas Review-Journal (Feb. 27, 2017) “Estate planning can save your family plenty of money and heartache later.”