Aside from morticians and funeral planners, not everyone thinks of death on a daily basis. The morbid thought may give many Kent residents goose bumps. One thing that is guaranteed in life is death. For many, it can come without warning and at any point of one's life. Just like a person puts off adjusting his or her clock after daylight savings, many adults put off their estate planning until it's too late.
A lack of proper long term care planning may have cost countless American's pain and grief. However, the process of having one's end-of-life wishes established can be rather pain free and easy. Just like meeting with an accountant around tax season, everyone should meet with an attorney to set up a proper estate plan.
Just about every American is in need of a will, power of attorney, living will and any other pertinent form of estate planning. Upon an unlikely death, many people would want their belongings and estate to go to their families rather than have it divided in probate court.
The first step to establishing a proper estate plan is to inventory one's assets including, property, investments and personal belongings. The next step is to decide who shall receive what upon an individual's death. Creating a will that expresses how one's assets will be distributed is the next step. The last step is to update one's estate planning whenever necessary. Factors change through life. For instance, if an individual splits with his or her spouse, that person may want to consider cutting the spouse out of the will.
Planning ahead with a proper long term care plan can provide many advantages for any Kent resident concerned with the future. In fact, it's the best way to make sure your requests are heard and met. Often times meeting with an attorney with a plan in mind can yield productive estate planning results in little time.
Source: Courierpress.com, "Estate planning can be pain free," Faye L. Hedinger, April 1, 2013