Having a will means that upon a person's death, their estate will usually be handled according to their wishes. When a person dies without a will, their estate enters probate, where there are bound to be family members arguing over it. Many Kent area residents understand the importance of a will, but there is still a large percentage of Americans who haven't taken the time to create one.
Many Kent area residents understand the importance of estate planning. Estate planning is a way to control what happens after a person dies and it ensures assets are passed on in the way in which a person wants. Estate planning can also help with important power of attorney designations and health care instructions. With all the advantages an estate plan offers, baby boomers should ensure theirs is in place.
Estate planning is not usually the most exciting thing for a Kent area family to work on. No one wants to think about what would happen to their assets, their children, etc. after they pass away. But, when a family does not take the time to create an estate plan, problems can arise upon their death. Having a will is one of the most important things a person can do for their family.
Time is quickly approaching for young adults to head off to college for the year. This is always an exciting time for families as they put together school supplies. But, along with packing the car, a few estate planning measures should also be considered.
Kent area residents may have a hard time thinking about what would happen if they became medically incapacitated. No one thinks they will have to face this issue, but, unfortunately, it affects many families each year. Medical incapacitation is a scary and traumatic event for a family, so having a person designated to make medical decisions is important.