Tuesday, March 2, 2010

Wills, probate and lawyers

Will, probate and lawyers,  Believe it or not but some people have a fear of lawyers and as a result when they need one they often wait till they have all ready hurt their chances of getting the result that they might have gotten if they had taken action and contacted a lawyer earlier on in.



 For sure if there is a area that this is the most true is wills and the resulting probate, if you do not have one you are putting at risk your family’s assets from being ripped at from many different sources, including family members that you would have not directed those resources towards, exorbitant lawyers fees, and the state could end up with more of your wealth.  Once you are gone there is no going back and fixing it.



The real tragedy of this is that this is something that can be done for most estates very inexpensively with a form will, or a simple will that is prepared by a cheap lawyer. Another option is to have a paralegal draw up a simple will for you and have it checked by an attorney.



You can also do what is called a holographic will where you hand write what you want to happen when you are gone which works in some states but not all. There are some draw backs to this that you should talk to an lawyer about but in most cases you can do this in a simple consultation that should be relatively inexpensive.

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