Estate planning is the process through which a person will write a will on how he or she desires his or her wealth including real estate property to be distributed to the beneficiaries when he or she dies. A large number of people will ignore estate planning and argue that it is only for those filthy rich people. This person can be told that they lack to see the big picture of why it is necessary to hire an estate planning attorney as early as possible. Below are reasons why you need to hire estate planning attorney in Columbia Sc.
Everyone has assets no matter how small the asset are. Even if you have a single property all your beneficiaries will desire to have it when you die. This means that your family members will fight over that asset you though as small as to avoid this you should hire a good Columbia estate planning lawyer. Therefore an estate planning lawyer will advise you on how to distribute your assets so that there will be minimal conflicts when you die. Therefore your family will not have to struggle or fight over your house or other assets as person who should get this asset will be named on the will.
Maybe you have very few asset at the moment, but you do not know whether you will have wealthy by the time you die. Therefore maybe at the moment you do not have many real estate properties, but this will change as time goes by. Meaning that you may continue pushing the idea of hiring an estate planning attorney even when you acquire properties thinking that you still have time. The objective is that the real estate lawyer will keep updating your will as time goes by so that you will not avoid calling drafting your will on your death bed. Hence even if you pass the lawyer will ensure that your wishes on property distribution are followed.
Many people usually assume that they can just give an oral will to their beneficiaries which will be followed which is not accurate. You should know that written wills are usually more enforceable by the law then word of mouth wills. Hiring an estate planning lawyer is essential in case there is a dispute over details relating to your will. You should know that if your will is not drafted by a professional estate planning lawyer, your family will have a considerable sum of money in distribution of your assets. Having a goodwill makes the court work easy as it is used as the reference tool.