Elgin Estate Planning Lawyers
Many people have the misconception that estate planning services are really only needed by mega-wealthy individuals who are in the top one percent. But the real truth is that you don’t have to be a millionaire to need estate planning. In fact, everyone should take the time for estate planning. Having a will in place will not only help your loved ones acquire your property after you pass away, but they also help to solidify your last wishes.
But also consider how estate planning will affect the futures of your loved ones. Without a will, your loved ones may not be able to avoid a probate. A probate is essentially a court proceeding that allows an individual called an executor to transfer the ownership of your possessions to other parties based on inheritance laws. But there are a couple problems with probates. First of all, your property could end up in the hands of unintended parties after you pass away. And secondly you need to realize that a probate can become a lengthy and expensive process. The last thing you want to do is place stress and financial burdens on your loved ones after you pass away.
The need for an Estate Planning Attorney
For these reasons many people want to avoid probate law completely. These hassles and irritations can be avoided with the proper estate planning methods, but most families don’t understand how to take advantage of these methods. With a little bit of planning and a competent estate planning attorney, you can protect the future of your loved ones in your absence. If you need estate planning services, contact the Jackson Abdalla Law Group today. It is far better to live with the peace of mind that your loved ones will be financially secured in your absence than to risk inheritance laws that could leave your property in the wrong hands.