Harrison, MI, August 29, 2014 --(PR.com
)-- Many people believe that estate planning is not a necessary process that they need to go through, often because of a refusal to accept the fact that death is always looming and can strike at any moment. Moreover, Casper P. Connolly and Associates at EstatePlanningStrategists.com know that most estate planning structures are inadequate without the services of a professional estate planning lawyer. Michigan-based Casper P. Connolly encourages individuals of all ages to enlist in the services of a professional as 95% of all self-made estate planning structures can be just as ineffective as avoiding estate planning altogether.
According to the Dana Law Firm of Arizona, "95% want their property transferred to the person they choose but only 35% have a will; 21% have a trust… 75% of Americans with minors will leave guardianship to the court… Of those with no estate plan, 1/5 say the process is too complicated… 17% claim they do not have enough assets for an estate plan, 9% do not want to think about dying or becoming incapacitated... $20,000 is the probate fee for an estate valued at $400,000 - typically a home, car, and savings. Probate can cost up to 10 -15 % of the estate's value." There are many excuses people can make in order to justify not having to deal with what happens to their property and assets after they die. However, what people need to realize is that there is still life after death; although deceased individuals may not have to deal with the consequences of their neglect, their families and loved ones do. Planning an estate structure does not have to be a difficult process that involves drudgery, endless paperwork and ongoing fees and costs.
Enlisting the services of an experienced estate planning lawyer will simplify the entire structure planning process. In addition, it will eliminate common mistakes made by people who plan their estates without skilled professional help, such as failure to execute beneficiary designation forms for retirement plans, using basic internet forms, or services provided by a general practitioner, and failing to properly fill out and execute legal documents, just to name a few.
There are multiple variables that can cause estate planning issues to surface and just as many excuses to decide to avoid planning an estate. It is important to remember that even after death, an individual’s actions or omission of actions can often adversely affect others, which is why it is important to enlist in the help of a professional estate planning lawyer. Michigan’s Casper P. Connolly has over 38 years of experience and can help individuals in the surrounding area who need estate help.