So I have received a concern regarding estate planning-- the concern is: I don't have a lot of properties and also I'm uncertain that I need an estate plan-- do I actually have to do estate planning?
The short answer is of course-- you do need to do estate preparation also if you don't believe that you do.
The longer response is-- certainly-- allow me clarify.
If you do not do any estate preparing, then we have to file a probate situation for you in court. Probate means to prove as well as what we have to confirm is that whomever is requesting the court to be the personal agent of your estate is certified to do so. That person they will certainly get permission to sign their name as if they were you. That person, as soon as appointed, could then provide your estate. If somebody does not concur with what you are doing, that person could sue you-- after that you're taking a look at added court costs as well as lawyers costs. You most likely possess listened to that the only ones who win in a legal action are the attorneys as well as there is some reality to that.
I have actually had customers where we have actually won their instance after a long test and my customers were still upset since they had to go via the who mess. Believe me-- you do not want to invest years in court-- you wish to move on with your life. You cannot go on if you're being taken legal action against regarding an estate.
Yet if you do your estate preparing as well as you obtain it done, then you never have to worry due to the fact that the written papers will certainly prevail and your individual rep will be the individual you desire designated, not just whomever the state picks-- and the chance of suits minimizes because you possess done your preparing and also it says specifically just what will certainly occur.
Top reviewed Estate Planning Lawyer in Herriman UT Answers Your Questions – Is an Estate Plan right for me?
I hope this answered your question.
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Guardian Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States
Telephone: (801) 876-5875
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States
Telephone: (801) 876-5875
from
http://frranausterll.blogspot.com/2016/08/is-estate-plan-right-for-me-west-jordan.html
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