Law

Why Do You Need To Do Estate Planning?

Even though estate planning sounds fancy but it isn’t just for the rich or royal families. Estate is one of the essential parts of your life, mainly when it boils down to a point where you have to decide who will inherit your asset. Here is where San Antonio Estate Planning comes into the picture.

The best part about San Antonio Estate Planning is that it protects your kids or heirs from overpaying the taxes. When you don’t have a plan in place, you wouldn’t know who would get what.

Some Of The Reasons You Need Estate Planning

·        Choose Who Gets Your Estate

The majority of the families have some things to leave behind if not all. Be it a family home, stock portfolio, vacation home, or some cherished possessions, there are plenty of things that fall under your estate. Your heirs will inherit these items if something happens to one of your family’s breadwinners. If you fail to go for San Antonio Estate Planning, then the court decides who gets your assets, and of course, the process is challenging. Hence when you have an estate plan, you can avoid any potential stress about a chance in the court.

·        Protect Your Loved Ones

None of us thinks about dying young, but we all know that life is unpredictable. If you have kids, you need to be prepared for such uncertain life events. It means you need to be involved in specific estate planning and understand how kids below 18 will get their share. If you fail to have an estate plan, not only the court will decide who gets your estate but also raise your kids. Therefore, you need to add some provision in your will that decides who will be your kid’s guardian.

·        Keep Family Stress Away

With proper San Antonio Estate Attorney, you can avoid the family mess. So often, we see families fight over assets when their loved ones pass away. As a part of the estate plan, you can hand over the responsibility to look after the support after you die. You can decide who gets what and how much. It ensures that your assets are handled perfectly, and your family doesn’t need to head to the court also.

·        Prevent Probate

With a perfect estate plan, you can keep the probate at bay. Probate is ideally a court-supervised way of keeping your will authentic, and you can also assess the value of your assets and pay the remaining bills and loans. However, probate can take at least six months and also bring a lot of tension to your family. The probate court hires a personal representative who gets five percent of your assets.

Hence without a doubt, one can say that estate planning is vital for a stress-free future. You need to have a comprehensive plan in place if you want to leave something valuable in place. If you fail to have a plan, your family has to go through a legal battle.

Show More
Close