The reality of needing a will and getting things in order after comes when you get older or find yourself getting sick. If you think you need to take action planning for your estate in case something were to happen, it's time to meet with an estate attorney. This will prevent unnecessary complications involving your family trying to iron out the issues if something were to happen to you. Before your appointment, do the following things to prepare.
Try Consolidating if Necessary
If you don't need all your banking accounts, it may be time to start consolidating the different savings and checking accounts that you have. This way, all of the money is in one place, and you can more easily regulate and control what is coming in and going out. This also makes it easier in your will, since this is the only account that has to be divided or used to pay off final bills.
Get Information on Your Debts, Assets, and Portfolio
Before your meeting, you'll want to gather the most up-to-date information about your finances. This means all of the debts you have, like a mortgage or car loan, along with all of the assets that you have, and savings or retirement accounts.
Your estate lawyer will be able to go through everything and help you determine what to leave to whom, what to do with the debts, what will need to be paid off, and how to leave minimal debt to be paid off later. These numbers will change over time, so it's best to check with the estate attorney over time .
Plan Everything in Advance
Take the time to plan out everything in advance. This means things from where you want the furniture to go from your home to how you want your final arrangements to be made. If you don't want a large funeral with expensive costs and you only want to be cremated, put this in the will so it isn't disputed.
Picking a medical power of attorney and an executor for the will also be important when you sit down with your new attorney. Someone who is responsible and will do the duties for you is a best choice.
If you know that you should start planning for what is going to happen when you pass, but you aren't sure what all you have to do, an estate planning lawyer will guide you to get everything in order with probate services designed to keep the process as simple as possible.