What’s In Your Parachute?
I always advise my clients that leaving no will is like jumping out of an airplane without a parachute. The end results are normally not anticipated. What most people don’t know is that the state will declare a will for you when you fail to make a written one. It’s call an “intestate” will or statutory will. It simply mean, dying without a written will. The problem with this is it may not be what you want. Most times it is not. Human being and relationships are more complicated these days and quite frankly the probate laws have not caught up to the times. Family structures have changed and perhaps the relationships within them. I’m simply asking “why take the risk?”
Probate to the layperson is a dirty word. We’ll talk more in the future about how to avoid probate but for now let’s make sure that a written will is in your parachute. Visit my website at www.jimersonlawfirm.com for more information on estate planning and avoiding the probate legal nightmares.