While no one wants to think about making a plan for after you’re gone, a well prepared estate will help ensure your wishes are carried out and your loved ones are taken care of. When a person passes, all of their possessions – real estate, money, stocks, personal belongings, etc. – become a part of their estate. Estate administration is the process of collecting and managing the estate, paying any taxes or debts, and distributing the property to the heirs of an estate. Heirs are determined by a will, but in the case where there is no will, distribution is made based on state laws. Consulting with an estate planning attorney will help make the process easier for you and your loved ones.
An estate planning attorney can help you create a will, set up a trust, draft documents and help lay the legal groundwork for your plan. Proper planning will relieve your family of the pressure of making tough decisions after you’re gone.
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