Though it’s unpleasant to think about your passing, it’s vital to your family’s future to create a legally valid and binding will. Failure to do so can lead to an array of ramifications, which is why Dennis P. Faller Attorney in Auglaize, OH, urges his clients to devise the document as soon as possible. Doing so can prevent strife between your loved ones, while also ensuring your estate is handled in the manner you see fit after you’re gone. Here, the attorney discusses why having a will in place is so invaluable.

Ramifications of Passing Without a Will in Place

1. Your Estate Will Enter Probate

Probate is a legal process that proves the validity of your estate. It involves several steps, from affirming you created and signed your will to dispersing assets to your heirs. During this time, outstanding debts, expenses, and taxes associated with the estate are paid. Working with an attorney will help you structure your will in such a way that avoids the hassle of probate.

2. Your Estate Will Incur Huge Legal Fees

Not only is probate lengthy, but it’s also quite expensive. It can run on for months while your estate is being processed—and even longer if there are undiscovered assets, which usually occurs when the deceased has accrued a sizable number of assets and property. Finally, since the estate is responsible for covering the cost of probate, the fees can affect what your heirs receive.

3. Your Family May Be Left in Turmoil

Along with the material consequences of passing without a will, your family may also be left in turmoil. This is especially true if you’ve been married more than once, as you’ll need to account for any children from previous marriages as well as current spouses. The state will ultimately decide how your assets are dispersed in this case, which can lead to heartache and unrest among loved ones.

If you’re ready to start estate planning in Wapakoneta, Dennis P. Faller Attorney offers dedicated support to local clients by protecting their assets and families’ futures. He provides quality legal counsel and will guide you through every step of the process to make it as easy as possible. Schedule your consultation with this skilled attorney today by calling (419) 738-4578. You can also visit his firm online to learn more about the full range of legal services he provides.