Estate Planning lawyer East Greenwich, RI
Life can change at a moment’s notice, and without an estate plan in place, your loved ones could be impacted significantly. An estate plan is essential in ensuring that you can decide what happens to your assets when you pass on or become unable to make those decisions for yourself.
Estate planning is not only for the wealthy. Every person has an estate, no matter how small or large it may be. Estate planning attorneys are dedicated to helping you create the ideal plan for your estate. Look to an estate planning lawyer in East Greenwich RI to ensure you and your loved ones are well taken care of moving forward.
Estate Planning Lawyer East Greenwich, Rhode Island
Preparing for the unexpected protects both you and your loved ones. An estate plan is the best kind of security you can provide your family. With a strategic plan in place, you ensure that your children receive the best support and care possible if you can’t care for them yourself. If you don’t create a plan, you leave your loved ones and other beneficiaries in the hands of a probate court judge who doesn’t know the situation and may not choose the best course of action for your family.
When someone passes on without an estate plan, there is a potential for conflict between beneficiaries. An estate planning attorney can ensure that when you pass away, it is less likely that your family members will argue with one another. If you have established an estate plan in Rhode Island, it doesn’t matter who thinks they deserve what. Your wishes are clearly defined and written out, so no individual can argue about what is and isn’t theirs. This calms family strife at an already difficult time.
With an estate plan, you can be sure that your assets are in the right hands. However, if you fail to create a plan for your assets, you’ll have no control over what happens upon your passing. With no plan in place, the probate court decides what happens to your belongings, property, and valuables — those assets could end up in the wrong hands. With the help of an estate planning lawyer, you can designate the heirs who’ll receive your property. You hold the reins by creating a specific plan according to your wishes.
Don’t Let the Government Decide Your Affairs
In other words, if you don’t put an estate plan in place, you are letting the government decide your affairs after you’ve passed away. An estate plan is as critical before death as it is after it. Preparing a written plan to express your wishes if you’re incapacitated, and your wishes after death is a crucial action you’ll take that affects your family directly. Your trust and/or will control who receives your assets once you pass on.
In addition, if you are unable to make medical decisions for yourself late in life, creating a trust and the appropriate power of attorney documents can ensure your assets are under control and that someone you name can make your medical decisions. You can surely see how having an estate plan in place simplifies and organizes your affairs. To get your estate plan set up, contact us to schedule a complimentary consultation at McCarthy Law, LLC and schedule a time to talk to a RI estate planning lawyer.