Without appropriate estate planning, your loved ones can be left to deal with the consequences and sort through things in court on their own. By taking the proactive step of planning well in advance, you can make things easier for your personal representative administering your estate, as well as all of the beneficiaries.
With no plan in place, your loved ones donโt know your intentions with estate planning and may disagree over how to distribute your items. Further, they wouldnโt be the ones in charge of determining the distribution pattern since the state of California must follow specific rules when thereโs no will to be found.
The same thing can happen if you leave behind vague instructions or if thereโs a reason for a court to determine your will is invalid. In all of these cases, the actual distribution of your estate is unlikely to match what you really wanted, leaving loved ones confused and disappointed.
One recent study found that with no estate planning or improper estate planning, nearly 60% of people have experienced family disputes and ended up with assets under court control. Although 90% of Americans say that having a will is important, fewer than half of America’s population actually has one. Without proper estate planning, disputes can ensue that lead to costly and fractured legal conflicts.
Advanced planning with the assistance of a Pasadena estate planning attorney can help reduce the possibility of legal conflicts, leaving your loved ones to clearly understand your intentions and to receive the assets you wanted them to have sooner rather than later.
