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Importance of Estate Planning Life can be unpredictable and spontaneous. People make plans and those plans sometimes just do not turn out the way they expect. However, this does not mean that people should stop planning. Making a plan for what you want to do is a great way of staying organized. However, it is a concerning aspect that people tend to plan for stuff like vacations, dinner and lunch dated and very little is done to talk about what happens to one’s property after they pass on. This is a delicate subject and therefore most people tend to avoid it. However, the truth is that death is a reality, and in as much as it sometimes comes suddenly, it is one of those inevitable occurrences. Preparing for end of life doesn’t mean that you are purposing to die. It just means that you are putting measures in place to help safeguard the financial security of those that remain behind. A majority of those who are young and at the prime of life choose to ignore such stuff. It is not just the young; in fact, some elderly people are also very reluctant about creating wills or even talking about these matters. Nevertheless, estate planning has some major advantages among which a few are discussed herein. Eliminates Family Strife
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Once a family member has passed on it can be very frustrating when you have to deal with other family members fighting over property. What makes this situation more unfortunate is when the family members dwell on creating war and hate instead of comforting and helping each other grieve. Cases of scary stories about family members fighting over who gets what are quite common. Certain members may feel like they deserve to be in charge, while another member may feel like the person who is deceased might have owed them more.
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Sometimes the cases maybe so serious such that some members end up going to court. This makes an estate plan very important. Getting an estate plan gives you an opportunity to dictate who takes care of your asses and how you want the assets handled in case you die or become incapacitated.Estate plans gets rid of unnecessary family tension and it gives you control in terms of who you choose to handle your assets. You Get To Choose How Your Assets are Controlled People Love to Have Control over what they own. Having worked hard for something, means you want to have a say in how the funds are spent and who the beneficiaries are. An estate planning attorney can help you draft a will to help you have control over who gets what when you can no longer make those choices. This gives you an opportunity to continue donating and doing some charity work with part of your financial assets even after you pass on especially if it is something you were committed to.