Make it Your New Year’s Resolution
The New Year is still a few weeks away so this is the perfect time to reflect on your resolutions for 2007. Make this the year that you make a will, a power of attorney for property and a power of attorney for personal care. And if you have a will but have not looked at it in years make it a resolution to review it.
If you do not have a will and you have young children, the court will appoint a guardian for them.
If you die without a will, your property will be divided according to a legal formula. The outcome may have nothing to do with your family’s needs or your wishes.
When a person dies without a will the estate’s assets are immediately frozen. Before anything else can happen, the court must appoint an administrator for your estate. The result is delays and extra legal costs.
When you have a will you can feel confident your affairs are in order and your family will be protected and will not endure needless work and expense following your death.
Stan Landau and Howard Steinberg would be pleased to assist you with your estate planning.Share