How Proper Estate Planning Can Prevent Elder Abuse – serveidaho.org
roperties. Your estate may also include the life insurance policy, bank accounts and even furniture. This means that no matter how huge or small, everyone is the owner of an estate that can’t be taken with them when they die.
Most likely, you’d want your wealth given to loved ones in the event of your passing. This can be done through clearly writing in your will exactly what you would like, at what time you’d like to have it and in what manner. This is often referred to as estate planning. There is no way to predict what your life expectancy will be, or if illness and accident could happen at any time.
The process of planning an estate begins by selecting an attorney that is experienced with estate planning. Estate lawyers can provide advice about the ideal arrangement of trusts and wills for your particular situation. A will will not stop the process of probate the fact that it incorporates your final wishes. A will cannot dictate what happens to the personal assets you own. If you wish to transfer your personal property, the probate court will need your approval before you can do so. Among the best advantages of planning your estate is that it will ensure all of your paperwork is in order and that your beneficiaries are properly named. rkdn1vuwd1.