Most people know they should prepare a will to ensure their wishes are respected after their death. However, many people put off planning their estates, thinking that there will always be time later or that it just isn't necessary considering the amount of their assets. Lance S. Cox Attorney at Law, an experienced estate lawyer in Cincinnati, OH, would like to stress the importance of professional estate planning and explain a few of the problems it can help your family avoid.

If you haven’t prepared a will, here are a few reasons why you should put doing so at the top of your to-do list:

• Asset Division: If you own a car, a home, or even a savings account, it's important to decide how this property will be divided. If you don't, the courts will do it for you, and your assets may not be divided how you would like.
• Establishing a Trust: Probate can be a long, expensive process for your heirs. Lance S. Cox will help determine if a living trust is right for you and your family.
• Medical Directives: If you are incapable of making your own medical decisions, this document ensures that your wishes regarding your care are followed. This may also prevent conflict within your family over medical decision-making.
• Durable Power of Attorney: Many people mistakenly believe that the person of their choosing will be automatically empowered to handle their affairs if they become incapacitated. A durable power of attorney will give the ability to make changes to your pension, sell real estate, and any other authority need to protect your interests to the person you trust.

For help planning your estate, visit Lance S. Cox Attorney at Law online, or call (513) 327-7958 to schedule a consultation today.