Why You Should Get Your Wills and Estate Planning in Order with the Right People
Let’s face it, nobody really wants to face the possibility or reality of passing away, but at some stage, this needs to happen. We all know that that the only constants in life are death and taxes, and we may as well provide for the people we leave behind as well as we can with clever wills and estate planning. While it does seem like a simple concept, it is actually a lot more difficult than most people realise, and in order to provide for the people that you care most about, it is vital that you get the professionals involved to ensure that your wishes are carried out accordingly after you have passed.
While going through the process of doing this, you may have to ask yourself some tough questions, which will usually boil down to the following:
- Do your plans provide your children (or grandchildren) with the necessary income they need if you are not there anymore?
- What are the stipulations of your romantic relationship (married or not – this is important!)
- Will your partner or spouse be able to take care of themselves and your children if you pass?
- How much life insurance do you have and will this be enough to leave your children (or other family/friends) provided for?
- Are your financial documents, insurance policies, will and other important documents up to date?
Now, while it seems that these questions are fairly obvious and necessary, you will be surprised at how many people fail to provide proper wills and estate planning. Often, wills are left without any specifications, and there are assumptions made by either the deceased or the family which can cause havoc amongst those affected.
This is why astute wills and estate planning are really important. Nobody wants their family to fight about family heirlooms and be insecure of what their value was to you when you have passed. This is why you simply need to call on the help of experts. At Velile Tinto & Associates, we are able to help you with all these issues and ensure that the people in your life are well looked after, even when you are not around anymore. We know that all situations are different and we approach your environment and wishes with fresh and innovative ideas all the time. We are serious about maintaining extremely high ethical standards in everything that we do, and we pride ourselves on the exceptional, individualised service that we provide to all our clients.
If you would like to find out more about how your will and estate planning can become much more effective, just give our friendly team a call today.