Avast ye scurvy dogs! Be not a fool, stow not your will in yer couch! Heed me words, mateys!
2023-12-26
Arr! As the year nears its end, we pirates set our sights on the horizon. 'Tis a time for reckonin' with wills and estates, a task as treacherous as the seas! Yet, learn from the Queen of Soul, me hearties, and do it proper, lest ye face Davy Jones' locker!
Singer Aretha Franklin's estate recently faced a five-year legal battle after her passing when a handwritten will was found between some couch cushions. This unfortunate situation is not uncommon, as many families struggle with important estate details. Planning well in advance can make a significant difference in outcomes. Hiring an estate planning attorney to professionally complete your will and other documents is crucial, as they ensure compliance with state requirements. While it may seem like a money-saving option, attempting to do it yourself can end up costing your loved ones more in the long run. Another issue Franklin's heirs faced was the lack of a clear location for her will. Storing important documents in a legacy planning system that can be easily accessed by your loved ones ensures they have the necessary information. Whether it's wills, contact information, or insurance documents, keeping them in a secure location or a legacy planning system will save your loved ones time, grief, and money. Clearly stating your wishes about everything from social media accounts to sentimental items can also prevent family disputes. It is helpful to have a family meeting to discuss these details and gather input. Nobody wants their loved ones to go through a lengthy and expensive estate settlement process. Taking the time to prepare in advance will make it easier for your family to handle the difficult period following your passing.