As we age, we become more and more conscious of the reality of death. However, even in relative youth, things can happen to you that leave you incapacitated, so you cannot decide things on your own.
What happens to all of your life's work? Leaving things untidy and unspecified will likely cause your loved ones to reluctantly navigate the legal system instead of either taking care of you or mourning your passing. Having them deal with the unfamiliar and uncomfortable legal system is not the ideal situation to leave them in.
Setting them up to handle this heartbreaking situation and significant change to their lives as simply as possible is the best course of action. Doing so will allow them to endure this transition with as little anxiety and distraction from what really matters as possible. It will also ensure they keep your life's work, not be forfeited over to the state.
Digging into the many estate planning services available to you with an estate planning lawyer is how to best move in that direction. Richard J. Cahan, Esq. of The Law Office of Richard Cahan, is an estate planning law firm that serves Pflugerville, Texas that draws on its near-decade of experience in estate planning law to help you resolve issues, reduce stress, and sleep better at night.
Estate planning law is the area of the law that regulates managing your assets, property, and affairs during your lifetime and after your death. It generally involves creating legal documents such as wills, trusts, powers of attorney, and healthcare directives. It usually involves strategies for minimizing taxes and protecting assets from creditors and legal disputes as well.
Navigating this area of the law does not require a lawyer in a strictly legal sense. However, seeking a lawyer for preparing estate planning documents will pay dividends in maximizing having your wealth dispersed as you want. On top of this, a lack of experience in estate planning law will generally mean you will not be successful in your endeavors on your own.