Much of what the average person hears regarding estate planning pertains to the very wealthy, which can lead to the assumption that planning is not necessary for them. This assumption can create many headaches for survivors of those who die without having planned. Creating an estate plan gives you control over how your assets will be administered after your death, and allows you to address any issue that may be unique to your situation. With no will in place, upon death the government will decide how to divide the property in even the smallest estates, and the court will appoint an administrator of its choosing, not the deceased’s.
Spain, Spain & Varnet advises clients on what planning tools may be necessary based on the size of their estate and what they are hoping to accomplish. From a basic will to more complex trust instruments, our attorneys can assist in creating a plan to suit your needs.