Think Ahead — And Act In Your Estate’s Best Interests
“Pay ahead of time or pay later” is a maxim that applies to individuals and families of all means — those with modest, average and above-average asset portfolios. If you die unexpectedly without a will — or with an outdated will still in effect — you may be setting your family up for lengthy, costly proceedings. Having a will in place should enable your beneficiaries to take your estate through probate according to your wishes. On the other hand, legal tools such as trusts may enable your family to avoid probate altogether or to complete the transfer of your assets with fewer hurdles.