Few people like to talk about death. And fewer still even like to tell their loved ones about the inheritance that would be due to them after they pass away; they consider such talk a death wish.
Though the thought and mention of death brings fear and its occurrence is usually a very traumatic experience for the deceased’s family, friends and loved ones, the truth is that it is inevitable. So, you might as well get used to that and make provisions for your loved ones while you still can.
You certainly do not want your family to suffer the double tragedy of losing you and losing the Estate you left behind for them. That is a real possibility if you leave no Estate Plan behind or you leave a poor one.
At best, legal problems or delays and family members fighting over properties will add to the grief occasioned by such death; at worst the State will decide when and how the properties are distributed, no matter what the deceased or his survivors may have wanted.
Irrespective of your financial status, it is important for you to have a basic Estate Plan in place. The fundamental need of providing a better life for your family is the drive behind the time, energy and money spent to develop an Estate Plan.
