${site.data.firmName}${SEMFirmNameAlt}
Contact Us For A Consultation
302-644-7181 Lewes
302-697-4900 Camden

Delaying estate planning could be costly for family members

How often do Delaware residents hear that they should "get their affairs in order" before it is too late? Even so, a large percentage of the population of the state -- and the country for that matter -- delays engaging in any estate planning. The reasons for this are numerous and vary from individual to individual, but failing to have some sort of estate plan in place often ends the same way -- with surviving family members potentially losing out on an inheritance because they end up spending valuable assets from the estate going through the courts.

Admittedly, it is not pleasant for most Delaware residents to contemplate their own death, but the desire to take care of family members thereafter requires it. Other people consider estate planning something that rich people do, and that they do not need it because they do not have significant wealth. For people with multiple children or blended families, the hesitation may come from trying to find a way to please everyone involved.

While all of these hurdles are valid, they require conquering in order to move forward. Without any estate planning, the state determines where assets go upon death, based on the laws of intestacy, and an individual may not agree with the end result. Most people have at least some idea of how they would want their assets to be distributed after they pass away, and the only way to have some guarantee that will happen is through estate planning.

Even though initial conversations regarding estate planning may be uncomfortable, having them is often the first step. Thereafter, it may be beneficial to seek out the advice and assistance of an attorney. He or she can review an individual's situation, make recommendations and then help with the documentation process.

Source: newschief.com, "Why do so many avoid estate planning?" Margaret R. McDowell, Nov. 8, 2017

No Comments

Leave a comment
Comment Information

What Our Clients Say About Us…

My wife and I would like to take this opportunity to highly recommend the legal practice of Bonnie Benson and her very professional staff… Bonnie and her staff are organized, engaged in the client's case and they communicate effectively.

Read More
Latest Blogs
Get The Help Now

Need Answers Now? Contact Us Immediately

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

your success. our commitment. elder counsel excellence in elder law  and special needs state bar delaware association

Camden Office
306 East Camden Wyoming Avenue
Camden, DE 19934

Phone: 302-697-4900
Fax: 302-697-4901
Camden Law Office Map

Lewes Office
33718 B Wescoats Road
Lewes, DE 19958

Phone: 302-644-7181
Fax: 302-644-7182
Lewes Law Office Map

We Accept visa mastercard discover network
Review Us