There is a common misconception that estate planning is all about your last trust, will or testament, and then, you will die or commit suicide. It is a wrong idea that estate planning is just needed when a proprietor is going to die in the first place.

In actual fact, it is a precautionary measure to hire an estate planning attorney to help you make a great estate plan that can work wonders for you as long as you are living, and your children can benefit that plan in the event of your abrupt death or unexpected mental or physical disability.

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Death keeps on the calendar!

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Without a doubt, every person who is born has to die one day. It is a bitter proverb that death keeps on the calendar. That means I, anyone, or you may die a sudden death in a way that it was not even expected because I or you have no disease at all.

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Sometimes, some diseases or health complications keep on putting us toward death without letting us know, and we think we are physically and mentally healthy, fit and strong. So, contacting an estate planning attorney is not going to cost a fortune.

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Estate taxes

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In the face of your sudden, abrupt and unexpected death, your children will have to work very hard for nothing apart from the fact that they are the legal owner of your estate. They have to pay a lot in terms of probate fees, estate taxes and more.

On the other hand, it is advisable to hire an estate planning attorney for a great estate plan that will clearly describe the distribution ratio or percentage in a way that your children will not be fighting over the unjust distribution nor do they have to wait for ages for the legal proceedings to be completely come to an end.