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Follow on Google News | An Orange County Estate Planning Attorney, Explains What Happens If There is No Estate Plan In PlaceProbate can be a lengthy and expensive process that gives unpredictable results. The state may not handle an estate in a preferable manner. Attorney Dwight Tompkins explains what happens when a person dies without having an estate plan in place.
By: Tompkins Law 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- “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,” For more information, please visit this blog post here (http://blog.tompkins- About Attorney Dwight Edward Tompkins Attorney Dwight Edward Tompkins (http://www.tompkins- End
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