Friday, May 10, 2019

If You Don’t Plan, the Government Does

If you haven’t written your own estate plan, the state has written one for you!

First, they have written a plan for your care during your lifetime.  It is called guardianship.  If you are no longer able to manage your own affairs, hopefully a family member and not Adult Protective Services will ask a Judge to take over making your financial, personal, and healthcare decisions.

Second, the state has written a plan for how your stuff is distributed.  This plan is called “intestacy.”  When you pass without a Last Will and Testament or Trust, then the State has decided who gets what, when, and how much for you.  This distribution is rarely what you wanted.

The post If You Don’t Plan, the Government Does appeared first on DeWitt Law Firm, PLLC.



from DeWitt Law Firm, PLLC http://bit.ly/2HdhNAJ


from DeWitt Law Firm, PLLC

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