Estate planning is critical to ensure your wishes are fulfilled
Neglecting estate planning can have devastating consequences for potential beneficiaries and clients whose final wishes may not be fulfilled. It can also create a nightmare scenario that occurs more often than you think: A parent suddenly becomes ill or succumbs to a medical crisis that renders them unable to make decisions, and their adult child must take over caregiving tasks. After a while, an uninvolved sibling stakes a claim to the parent’s home and property. If the parent had yet to perform estate planning tasks for proper dispersal of their estate, health and wealth—while they were able and of sound mind—the time, trouble and cost to the siblings to sort out who gets what could be daunting.