-- In a recent interview, top estate planning attorney Michele Ungvarsky, founding partner of E-Law in Las Cruces, NM, revealed the top 3 reasons that most people don't have a will or plan.
For more information please visit https://www.estradalawpc.com
When asked for a comment, she said, "Most people tend not to think about it because it involves them thinking about their death; however, what people tend not to realize is that having their affairs in order will greatly help their loved ones once they've passed away."
Ungvarsky mentioned that a study from Rocket Lawyer found that more than half of Americans between the ages of 55-64 don't have a will.
"When asked the reason for not having a will, the survey found that of the people who participated, 57% had intentions to make a will but hadn't gotten around to it, 22% thought that setting one up wasn't urgent, and 17% simply didn't feel that they needed one," she added.
However, procrastinating end-of-life planning can result in unintended consequences such as unnecessary stress for loved ones.
"Assets and property that are not protected in an estate plan after someone passes away are sent to probate, which means that it's up to the court using state law instead of your wishes decides what happens to the possessions. Probates without a will often mean that your loved ones or children will shoulder the burden of extra paperwork, legal fees, and drawn-out court cases," she said.
End-of-life planning doesn't only encompass wills but also a plan that includes a health care directive and a durable power of attorney, both of which are vital in the case of an unexpected injury or illness. Without these documents, your loved ones will not likely be able to make decisions for you.
"A solid plan will ensure that you have an advocate of your choice working on your behalf to carry out your wishes. Not having your wishes in writing if you are unable to make decisions often creates confusion and tension among your children and loved ones," she said.
She further mentioned that many people are under the wrong impression that they don't need to have a will if they don't have an estate.
When asked to elaborate, Ungvarsky said, "It's quite simple. If you have a house and children - no matter your marital status - you need to have a will. Every family is different and has its own set of particular circumstances that should be addressed in a personalized estate plan."
Source: http://RecommendedExperts.biz
Contact Info:
Name: Michele Ungvarsky
Email: Send Email
Organization: E-Law, PC
Address: 1340 Picacho Hills Dr, Las Cruces, NM 88007, USA
Phone: 575-556-2462
Website: https://www.estradalawpc.com
Source URL: http://RecommendedExperts.biz
Release ID: 88973969
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