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April 22, 2015

Who Needs Estate Planning

If you have not thought about estate planning, now is the time to do so. Whether you think you need it or not, just about everyone does need some form of estate planning. Your estate is considered everything that you own from your home to your car and your personal belongings. Although you may not have a huge estate, planning now can save your family from financial hardship and a long process when you do pass away.

One of the many benefits of estate planning is that you control who your estate and assets go to upon your death. An attorney in Greenville, SC can help you plan your estate accordingly and assign beneficiaries to your assets.

What is Covered in Estate Planning?

When planning your estate, everything you own and any assets you have will be covered. If you have any children who are under the age of 18, you should include them and who will provide care for them. You can assign a power of attorney for your medical care and more.

In addition, you are able to discuss what you want as far as a funeral, cremation, and more. Once your estate is planned, you do not have to do anything else other than keep up with making sure you add any new assets or change beneficiaries when necessary.

Filling Out a Will

When you discuss your estate with an attorney, you will also discuss a will. Your will is responsible for naming the people you want to receive your assets upon your death. You will also discuss who is allowed to execute the will and whether you have children under the age of 18.

Your will is an important document and without it, your family will face the probate process.

What is Probate and What Happens?

Probate is considered a court process that is used to determine the estate of someone once they have passed away if there is no will or estate planning in place. The process can be costly to many families who are not ready to go through the process. The process is also quite lengthy and it can take a while to ever hear anything about the assets of your loved one.

Get an Attorney to Help You

If you have not started planning your estate, hire a Greenville, SC attorney to help you today. Your estate is an important part of your life and the life of your following generations. Proper estate planning in Greenville, SC will guarantee that your assets and belongings go where you want them to.

Your attorney can walk you through the entire process from start to finish. If you are not sure how to fill out your will or who to claim as your beneficiary, your attorney will help you and advise you of what to do. One of the best ways to plan for your future is by planning your estate.