The Impact of Dying without a Will in Place
It can be easy to put off drafting a will. Many see it as a cumbersome process that can be set aside for another day. The reality of this being that the longer a person procrastinates in creating a will, the higher the chance that they pass away without one in place. Although many do not realize it, dying without a will can have a serious impact on their loved ones. Take the time to sit down with Bott & Associates, Ltd. so that we can assist you in drafting out your final wishes. It can be a bit nerve-wracking to endure this process, after all, most do not want to think about dying. An estate planning lawyer can take some of the complexities and fears out of will creation by efficiently and effectively help you to complete your will.
Dying intestate is when a person passes away without a will in place. It’s important to note that the laws of how this process is managed can vary depending on the state where you live. Our attorneys can advise clients regarding Illinois intestate succession laws for those faced with a loved one who has died intestate.
You Have More Than You Think
There are a variety of reasons people do not complete their will before they pass away. Some just never get around to it. After all, the prospect of death can be difficult for most people to consider. Perhaps one of the most common myths people have surrounding estate planning is that they must be wealthy or have a significant amount of assets to need one. This can’t be further from the truth. In the end, there is often a number of decisions to be made following the passing of a loved one. Put a plan to paper so that you don’t leave your loved ones guessing during what is already a difficult period for them.
Your Loved Ones
Passing away without a will can place a significant burden on those you love. It’s already difficult enough to suffer the loss of a loved one when coupled with worry over how assets and final affairs will be managed, it can be downright stressful. It may also cause additional problems to arise, such as delays with probate and tense familial relations.
You Lose Complete Control
A will outlines more than just your assets. It also may provide your loved ones with a clear direction regarding how you would like your wealth distributed, funeral instructions, and guardianship over your children. Without a will in place, you leave it up to someone else to make these decisions. In most cases, a judge will appoint an executor and court will determine the best way to settle your estate. Why put this on someone else? A will allows you to communicate with your loved ones when it comes to your final wishes. An estate planning lawyer can help make the creation of your will as quick and painless as possible.
Contact Bott & Associates, Ltd. Today
An estate planning lawyer Palatine, IL clients recommend from Bott & Associates, Ltd. can work with you to develop an estate plan that truly outlines the way in which you would like your estate managed when you pass away. Developing a will is a lot less painful than many think. We will ensure that you have all that is needed to draft a will that is clear and concise.