Wills and Estate Planning for Electrical Workers
As average Americans, we work 80,000 hours in a lifetime, or 45 to 55 years. In spite of all our resources and the assets we earn during our lifetime, the vast majority of Americans do not take the time to create the legal instructions to guide the court or a guardian. National statistics indicate that more than 50% of Americans die without leaving a Will. <br><br>Where there’s No Will … <br><br>The result can be lengthy delays in the distribution of your estate, court battles between relatives and your children being raised by someone you do not favor. Your assets go to whoever a state law says receives the assets, or to the government itself! A Will should be a statement to the things you truly care about: your spouse, your children, your parents, your friends, and your charities. <br><br><br><br>If you leave no Will or your Will is declared invalid because it was improperly prepared or is not admissible to probate: <br><br>1. People you dislike or people who dislike and ignore you may get your assets. <br><br><p><a href=”http://www.pumastoreonline.org/puma-ferrari-shoes-c-32.html”>puma ferrari shoes</a></p>2. State law determines who gets assets, not you <br><br>3. Additional expenses will be incurred and extra work will be required to qualify an administrator-Surety Bond, additional costs and legal fees <br><br>4. You lose the opportunity to try to reduce Estate Tax, State inheritance taxes and Federal estate taxes <br><br>5. A Judge determines who gets custody of children. A greedy brother or crazy mother in law could ask the court for custody. <br><br>6. If you have no spouse or close relatives the State may take your property <br><br><p><A href=”http://www.pumastoreonline.org/mens-puma-lazy-insect-c-21.html”>Puma Lazy insect</A></p>7. The procedure to distribute assets becomes more complicated <br><br>8. It probably will cause fights and lawsuits within your family <br><br>
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