Despite its importance, many people overlook or avoid estate planning, believing it involves too much work or it’s too morbid an undertaking. However, it’s a necessary task to protect your legacy and family. To help shed light on the matter, learn what estate planning involves in the guide below.

What Is Estate Planning?

Your estate plan designates who will receive your properties and assets after you pass away. It provides specific instructions to ensure your wishes are carried out and your loved ones receive the portion of your assets you want them to have, which may include money, real estate, automobiles, jewelry.

Why Is It Important?

Not planning accordingly can negatively impact your family once you’ve passed away since your assets may not be distributed as you’d like. If you don’t leave any estate plans, the state will divide your property according to intestate succession, regardless of your preferences, which means your estranged brother could inherit your house and not your sister and her children who you might prefer to have it. This situation often causes disputes among family members. Additionally, because the decision is left to the state, dividing the estate can become a drawn-out process that deprives your loved ones of your assets when they need it most.

How an Attorney Can Help

Planning your estate is a smoother process with the help of a seasoned attorney. Each state has specific laws on estate planning. You’ll need someone familiar with them to save time while ensuring the plan is written correctly. An attorney can also help prevent your estate from going through probate, the process in which your will must be proven as legitimate in a court of law, delaying the distribution of your assets. Furthermore, your attorney will keep up with changes in the law that can affect your estate plan and make adjustments as needed.

Are you looking to get your affairs in order? The Law Offices of George Nam in Aiea, HI, will provide you with the advice and help you need. With over 25 years of experience, the firm specializes in estate planning, living trust creation, probate, and trust administration. Visit their website to find out more about their services, or call (808) 487-9455 to schedule a consultation.