Many individuals from all walks of life have some items, money savings, property, and other personal belongings that are cherished; with some being sentimental family heirlooms. Most people assume that their spouse, children, or other chosen beneficiaries will inherit their estate assets after they die. However, those that don’t have a legal will run the risk of complicating the inheritance process. A committed estate planning attorney in Tulsa, OK is standing by, ready to help.
What Happens When a Will is Absent?
When someone dies without a proper legal will and/or trust fund arrangements, the court system takes over the process of dispersing any valuables. This can take an enormously long time, and family members and others may contest the will, holding things up even longer.
Why a Legal Will is Important for People of All Ages
Although most senior aged individuals do think to compile a will; younger people can also become seriously ill, be involved in a bad accident, or die at any age. This is why a complete legal will is important for people of all ages and financial status.
What is Involved in Estate Planning?
A seasoned and dedicated estate planning attorney from Tulsa, OK cautions that there should be trust funds set up to prevent inheritance assets from having to go through probate court. When money is tied up in real estate, stocks, bonds, or small business investments; trust funds are essential. Contact Matthew E Riggin, PLLC to learn more.
