It is never too early to create an Estate Plan. However, putting it off too long can lead to catastrophe should you pass away without clearly detailing your wishes. Dying or even becoming incapacitated without a Will or Estate Plan denies countless options to ensure that your loved ones are provided for long into the future. Family members are left to interpret your preferences, potentially creating conflict in the midst of confusion.

Facing Reality

Admittedly, no one wants to consider a time when they are no longer around. Yet, the harsh reality should actually be a motivation to put wishes into writing on a formal estate planning document. The first step is having what may be difficult conversations with family members. Yet, these talks are of paramount importance, no matter how awkward and uncomfortable it may be.

In the end, full disclosure can provide peace of mind when it comes to medical care, funeral plans, and subsequent asset distribution. The roadmap can give relief and the steps to take. While a Will involves complex legal issues, the document can be written at any time. You may be surprised how working with an experienced estate planning attorney can make the process so much easier!

Equally as important as drafting a Will is updating it when certain circumstances change. What applies now may not apply in the future.

Nothing can stop the process of grieving after a loved one dies. However, having a document in place that clearly details their wishes represents peace of mind that can alleviate the pain, if just for a short time.

Please contact Barry Law, Inc. at 773.779.6100 to start the discussion today!

Categories: Other News