No Estate Planning Documents? What Happens To Your Property?
Do you have estate planning documents? There are high chances that most of us do not have. It is not surprising as, in the USA, three out of ten people have conducted an estate planning lawyer and come up with a comprehensive estate planning. For those who have no idea what estate planning documents are, let for a moment give a brief explanation of estate planning documents.
Estate planning documents are documents which show how someone assets will be managed or distributed upon his/ her death or incapacitation. Estate planning documents include; the power of the attorney, wills, and health care directive. With the help of an estate planning lawyer, one can ensure that his/ her desires are heard and noticed when one can no longer represent himself.
Having an estate planning documents prevents a lot of drama and discord in a family. For instance, on the off chance that you have been gravely harmed in an auto collision and your youngsters can't agree on which medical approach to take. You could end up snared to machines as opposed to being permitted to bite the dust usually, as your propelled clinical order clarifies your desires for end-of-life care.
So the big question of the day what happens if no estate planning documents are found upon death or incapacitation of any individual
Court Appoints an Administrator
If you pass on without a will or without one that can be found and legitimately recorded, the court will choose an unbiased administrator to disperse your benefits. Not exclusively will any inclinations you expressed in a last will and confirmation be dismissed, relatives to whom you made guarantees will have no state
Lost Will Probating
On the off chance that relatives realize you had a will yet discover it, they may affirm the presence of a will. Family members can go to court and probate a lost will case. The case is complicated and can take years before the court sorts out everything. Due to its nature, it can also bring discord to the family members contesting for the will.
Conclusion
Upon your death, would you wish your loved ones to suffer? While most of us do not want their family to hurt, not so many people are have taken the appropriate action to get an estate planning lawyer. Having an estate planning lawyer will not ensure that your loved ones are protected, but also there are no dramas and discord in your family upon your demise. So be smart today and start talking to an estate planning lawyer. It will be one of the best decisions you will make.
