Estate Planning Lawyer
If you’ve been researching all things estate planning, then you likely have heard limitless tips on how to make the task easier for you. Planning for both life and death is something each person will have to do eventually, and if you don’t have your matters in place, it can make things harder for loved ones who will be grieving your passing, and probably won’t be in the mood for a legal issue.
Here are estate planning tips that you need to know, but may not have heard yet:
Start your estate planning right now
Many people think that you have to be in your retirement or senior years before you need to consider an estate plan. However, this isn’t true, because at any age you are going to have valuables that you want protecting from thereon out. Furthermore, you don’t need millions of dollars in the bank to benefit from an estate plan. Essentially, writing your wishes in a legally-binding document ensures that your legacy is passed down to future generations as you prefer.
Safely share your login and passwords
Within your estate plan, consider writing a page that lists your login and passwords for important accounts such as bank accounts, social media, email address, and any other accounts that your beneficiaries could use. After you pass on, your closest loved ones may need to access your accounts to retrieve family photographs, pay bills, contact specific parties, and more.
Know what happens if you don’t write an estate plan
If you do not have a properly written estate plan, then the government will be responsible for how and to whom your assets are distributed. As most people would probably agree with, the idea of having the court system handle your legacy is terrifying enough, so taking action now to protect your assets is imperative.
As our estate planning lawyer friends at Klenk Law can agree with, starting early on planning for the future can prevent issues related to your assets and legacy from arising later on down the line, and prevents the courts from handling it for you