Music legend Prince has been dead for two years now. But, his estate, which is worth millions, has still not been settled. Everyone can learn from the steps Prince should have taken to secure his estate so that it wouldn't turn into this complicated probate procedure.
Kent area residents who have taken the time to create an estate plan are ahead of the game. Although creating an estate plan may not appeal to many people, these plans are critical in order to make sure a person's family and assets are protected. But, there are estate planning mistakes that should be avoided.
Many families in the Kent area have taken the time to create their wills. A will is an important estate planning document that can help a person dictate how their assets should be distributed upon their death. It can also name guardians and other important tasks. But, just because a family has created wills doesn't mean that estate planning is done forever.
Families in the Kent area who have medically fragile children know how difficult day-to-day life can be. A medically fragile child requires a lot of care, money and time. Families need to plan ahead for their vulnerable child and prepare for the potential time when their child outlives them.