Facing an end of life situation is a very emotional period of time. The last thing that loved ones need to deal with is the stress over settling the estate. There are several situations that can happen if no legal document is available dictating the last wishes. The money that is intended for loved ones may not end up in the right hands. Different sides of the families often fight over things and this can fracture families. To keep things in order, talk to a lawyer about these different items.
Property that is divided among family members is often sold with the proceeds split. If there is a certain person that is designated to own the home or there is a desire for them to reside there after death, talk to an experienced Estate Planning Lawyer in Poulsbo WA. This will direct the family members about what should be done with the home. It will also dispel any dispute over the last wishes regarding this item.
It is particularly important to designate a guardian for any underage children left behind. They will need a place to go and a person to trust during and after this difficult time. In addition, funds designated for their care should be placed in a legal document to ensure that it will be there for their needs. This will help to establish a future path for them.
Valuable items can be up for grabs from greedy relatives who may not have been a part of the family. To keep this from happening, these items should be included in the document drawn up by the Estate Planning Lawyer in Poulsbo WA. If there is no specific designation for family heirlooms, they can get sold and lost after death. Those who may want them for the sake of memories will lose out.
While planning for the end of life is very difficult, it is necessary to prevent all of the problems that develop within families. By taking time to designate the major items to the people who they are intended for in a legal document, the more likely they are to get those items.