Plenty of grandparents and parents have firm ideas about what they’d like their loved ones to receive when they pass away. But research shows that nearly 6 in 10 people in the United States have no will in place.
This is the most basic cornerstone document of estate planning, and is extremely important to have so that you can protect your loved ones if and when something happens to you. The support of an attorney can be vital in creating a comprehensive estate plan that addresses your primary concerns. That same study found that 9 in 10 parents plan to leave money to their grandchildren or children in their will, but only 41% of them have that written in a will.
Make sure that you have a plan to pass on assets to your loved ones in a way that is easy and stress free for them. Working together with the help of an estate planning lawyer, you can choose a plan that aligns with your individual legacy, your personal values and the assets you would like to pass on to your chosen loved ones.
It’s very important that you identify an estate planning attorney to help you with this process as soon as possible, because your estate plan may adapt over time based on changes in the market or changes in your personal life.
We know it can be hard to think about sitting down to create your estate plan, but this is also a vital process for protecting your interests and ensuring that you’ve considered all possible aspects for your future. Speak to our Pasadena, CA estate planning law firm for more personalized help.