After a person’s death, there are often a number of things that must be resolved in the process of settling affairs. The considerations and issues involved in settling a person’s affairs are different depending on when he or she dies. For example, settling the estate of a wealthy person who died after a long life will require different things than settling the estate of a person who died while young with small children.
Although it can be difficult to plan for the end of your life, it is essential that you make these plans before it is too late. A solid plan that can protect your interests and provide for your family often includes a health care power of attorney, a will, and a durable power of attorney. Together, these three documents — if properly drafted — will be able to answer all of the questions that arise during your incapacitation or after your death. These documents will ensure that your wishes are carried out with regard to the care of your children, the passing of your wealth and personal property, and your own personal healthcare and treatment.
It is important to draft a will that is specific and unique to your particular situation so that the things that matter most to you are addressed. When people use a standard will template and do not engage in full estate planning with an experienced attorney, many problems could arise. In many cases, do-it-yourself wills may be found to be unenforceable or may lead to lengthy disputes or will contests if the provisions are unclear. In other situations, key provisions may be left out of the will altogether if a person overlooks something and does not fully and adequately the needs of his or her specific situation.
Drafting a will does not have to be a painful process. It can actually provide a great deal of peace of mind by allowing you to know that your family is taken care of and your wishes will be carried out even when you are no longer able to state them yourself.
Source: Please visit our page on wills for more information.