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A Brief Overview of the Importance of Estate Planning

Most of us think of estate planning as something that is only necessary for the wealthy or the elderly to do. But the truth is that estate planning may be important no matte where you currently are in your life. When you pass away before taking proper legal action and drawing up a binding will, you could end up leaving your assets in probate, making it necessary for your loved ones to fight the state for your estate. This is why estate planning is so important for anyone of any age.

Of course, anyone can sit down and write out a will, but the question is how can you make it legally binding? Wills are contested in court all of the time because the person who wrote out their wishes never took the final step of drafting a will that would stand up in a court of law. If you were to pass away without a legitimate will, your assets could end up being divided up according to the will of a court ruling rather than your personal wishes.

One of the most important functions of hiring an estate planning attorney is having your will drawn up, altered or amended in a way that will be legally viable and binding. When you have a legitimate and legally binding will in place, your surviving family members will be sure to get the assets that you wanted them to receive and the state will have not part in distributing your estate.

Estate planning attorneys also handle an area of the law known as probate litigation. If a person passes away without an officially recognized will, the estate of the deceased will go into probate until all claims can be settled. In probate litigation a will is ‘proven’ to be legitimate in court and the deceased assets are distributed in a way that resolves all claims. If you have suffered the sudden loss of a loved one, it may be a good idea for you to contact a probate litigation attorney to help your family settle matters fairly.

If you are interested in learning more about the steps that you can take to plan your estate before you die, the best thing you can do is discuss your situation with a local estate planning attorney. Estate planning attorneys can help you create a legal will or revise your existing will to reflect your current wishes and also take steps to protect your assets from estate taxes and other agents of the state. The best way to consult an estate planning attorney in your local area is to contact them through their official website. To begin all you have to do is search the web for a Columbia, South Carolina estate planning attorney.
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