Kennelly Business Law

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Estate planning and probate considerations for the new year

With nearly a month already gone in 2020, not everyone is keeping up with the resolutions they've made for themselves. It's hard to stick to a diet or other types of self-improvement over time. It may not be easy to create and stick to beneficial new habits, but one thing that can be accomplished and does provide long-term benefits is considering which estate planning and probate steps may be necessary and beneficial.

A good place to start with this process is careful consideration of individual goals. There is no one-size-fits-all estate plan, and each person in North Dakota taking this step will want to craft a plan based on personal objectives, specific needs and more. Through a solid estate plan, it's possible to take care of many things that many people don't want to think about, such as caring for a loved one or providing for the fair distribution of assets after death.

A good place to start in the estate planning process is to take a thorough account of all assets. It is prudent to include instructions regarding all assets in a plan in order to reduce the chance of complications and confusion. North Dakota adults will also find it beneficial to avoid procrastinating in this process, even when it appears there is no rush to complete it.

Estate planning and probate matters can be complex and difficult to address. When taking this step, speaking with an experienced attorney is a prudent place to begin. With guidance, properly made plans will provide security and give confidence regarding future financial and legal interests. 

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