Kennelly Business Law

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Common reservations regarding estate planning and probate

There are many reasons why people may be reluctant to move forward with making plans for the future. Some North Dakota readers may be uncomfortable with the prospect of thinking about their own passing, and others may assume that they don't have enough money or assets to justify the effort. In reality, it is beneficial for everyone, regardless of wealth or age, to think carefully about estate planning and probate matters. 

Statistics indicate that as many as 60% of people die without having a will or other estate plans in place. This makes things extremely complicated for loved ones and heirs, and it can take longer to settle an estate when someone passes away intestate. A will allows a person to determine what will happen to his or her stuff, name a guardian for minor children and make other plans that can benefit loved ones in the future.

Having a will is not something that is only important for people who are wealthy or famous. North Dakota readers of any income level will find it beneficial to have a will, retaining their right to have a say over what happens to their stuff after they pass. Even a basic will can provide important legal clarity for children and heirs. 

Addressing estate planning and probate concerns can seem like a daunting prospect, but a person does not have to face these issues alone. A reader may find it helpful to work with an experienced legal advocate as they make important choices for the future. A few simple steps and basic documents can provide a person with peace of mind for years to come. 

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