Why Do I Need an Estate Plan?
If you don’t already have an estate plan in place, there’s never a better time to start on one than right now. You might think that you’re too young, healthy, or don’t have enough money to think about estate planning right now. It’s an unfortunate myth that estate plans are only for some people when in fact everyone should have something planned for the future.
If you suddenly pass away from an injury or illness without plans for your estate, it will enter probate court as an intestate estate. This means your state’s laws will determine which of your immediate relatives (spouse, children, parents, and siblings) can inherit your property and how much they’re entitled to inherit.
Most people want to avoid this scenario not just because they want to divide their estate according to their preferences, but because it can create a costly, time-consuming, and confusing process for their family to navigate. If you have minor children, probate court is also tasked with assigning them to a guardian because you left no preferences for whom you wish to care for your kids. Sometimes, this guardian can be a relative you don’t trust – or even a stranger.
By taking advantage of Aria Law PLLC’s estate planning services in San Antonio, however, you can help your loved ones avoid dealing with an intestate estate and all of the complications it presents.