An Orange County Estate Planning Attorney, Explains What Happens If There is No Estate Plan In Place

ORANGE, Calif. - Sept. 12, 2013 - PRLog -- ORANGE COUNTY, CA – September 11, 2013 – Dwight Tompkins of Tompkins Law explains, “Estate planning can easily be compared to a game of American Football.  With an estate plan in the form of documents such as a Will or Living Trust, you control the distribution of your assets.  Otherwise, the government will be quarterbacking the distribution of your estate.”

Dwight continues by stating, “Many [people] don’t treat estate planning as a priority item, but people should give estate panning its due attention. Anyone who is 18 and above and with assets in the form of savings and some belongings should be thinking about estate planning.” Estate planning is not just for the rich and famous, it is for anyone that wants to manage their assets in the event of their death. He states, “If you do not have an estate plan, your heirs may have to liquidate your assets just so they can pay the estate taxes.”  Having to pay estate taxes and probate fees can put a lot of stress on your friends and family.  In order to avoid this unnecessary stress, you must begin estate planning with an Orange County estate-planning attorney right away (http://www.tompkins-law.com/estate-plan-reviews-and-amend...).

“Let’s put it this way:  Estate planning is like battling for the big “C,” referring to control.  Having an estate plan means being able to control how your assets will be distributed – even when you are no longer around. On the other hand, if you do not have an estate plan, the state government will be the one to control how your assets will be distributed,” says Tompkins.  He then asks the question, “Wouldn’t you rather be in control verses letting the government take charge?” If the government is in charge of how your assets are distribute it can be a guessing game of what the outcome will be.

For more information, please visit this blog post here (http://blog.tompkins-law.com/2013/09/without-estate-plan-...), and contact Dwight Edward Tompkins, an Orange County estate-planning attorney, today!

About Attorney Dwight Edward Tompkins

Attorney Dwight Edward Tompkins (http://www.tompkins-law.com/) (http://www.tompkins-law.com/) has been providing residents in the Orange County, California area with estate planning, probate, living trust, and business planning services for more than 20 years.