Thinking about your death is not exactly a happy occasion, and planning for it is not, either. Unfortunately, a loss in the family can also lead to family conflict and stress, and sometimes even tear families apart. You can avoid all of this by using an estate planning firm. Estate plans ensure that your intentions upon your death are clear and formalized. When it is time for your valuables to be divided, your values are protected.

Plan Out the Planning

From funerals to receptions to writing the obituary, many big and little things need to be planned. If you have to do something like this at the last minute, it can be frustrating and usually causes problems. Avoid it all by planning who will be responsible for what in your estate plan.

Ensure Your Assets Go to the Right People

Assets include everything from homes to horses, iPhones to eyeglasses. It is very common for arguments to start over who should get what. An estate plan ensures that your wishes are known and followed — and family conflict and stress are avoided. While you can create a plan on your own, it is recommended to hire an estate planning firm to ensure all assets are divided as intended.

Choose the Guardian You Want for Your Children

If you have children or dependents, you will have to decide who will be responsible for them when you are gone. An estate plan formalizes your decision. If you do not have one and both legal parents are dead, the court will appoint a guardian regardless of whom you may have chosen.

Settle Your Family Business

If you are involved in a family business, things can get especially tricky. An estate planning firm can help establish a business succession plan that prevents conflict over control of the business, which happens often.

When to Make an Estate Plan

In reality, everyone should have an estate plan because everyone has an estate. Without an estate plan, the court will appoint someone — not from your family — to handle your estate if you pass or become incapacitated. Protect your most important asset: your family.

At Schottler & Associates, our experienced attorneys are ready to help guide you through the perfect estate plan. Call us today at 708-442-5599 or contact us to learn more.