Although no one likes to think about it, death is a fact of life, and you should have all of your affairs in order before it’s too late. Estate planning allows you to continue taking care of your loved ones even after you’ve passed away. Without a comprehensive estate plan in place, there will be no way of knowing your final wishes or intended beneficiaries. This is why the attorneys at Hawaii Convey in Honolulu strongly recommend estate planning regardless of age or financial status.

3 Reasons to Start the Estate Planning Process

1. Choose Who Inherits Your Assets 

After you have passed away, one aspect of settling your estate will involve the distribution of your assets. If you don’t have an estate plan that designates who will receive your belongings and finances, it will be left up to the court to choose who inherits what. Typically, they will follow the state’s guidelines regarding intestacy without taking into consideration anyone else to whom you may have wanted leave an inheritance.

2. Protect the Future of Minor Children 

Estate planning allows you to appoint a guardian for your minor children in the event you meet an untimely death. Failing to provide this information will place the decision in the hands of the court, and someone you wouldn’t approve of could be selected.

3. Avoid Family Disputes 

When estate planning is not done in advance, it will be left up to your surviving family members to figure out what your final wishes would have been. Dealing with this burden during the grieving process can add a great deal of stress to an already emotional situation, which can lead to conflict. This can be avoided by deciding who your beneficiaries are and who will manage your affairs ahead of time.

When you’re ready to start estate planning to benefit your family, consult the attorneys at Hawaii Convey. These professionals have provided law services regarding probate, real estate, and business since 1985. They can go over all your options to help you determine which legal documents should be included in your plan. They will also ensure your paperwork is error free and executed properly. Contact them at (808) 792-8777 to make an appointment, or visit their website to learn more about how they can serve you.