It’s essential to have real estate planning for your properties and this is requisite to anybody as it enables creation of a document that is admissible by the law to be used when sharing your properties by your kinds when you die that ensures ther5e is smooth transition of such properties without fights and conflicts.
One of the prime mistakes people do is not planning for their estates and this means you don’t give entitlement to your wife or children as to which share of your properties they should have and this is risky as when you die, you expose them to a lot of court battles and family feuds that disintegrate and destroy the previous bonds that existed as everyone will be fighting for their share.
Estate planning ensures that before you die, you will have appointed a guardian that will act as a parent to your left kids and when you have no such will, your children will be total orphans without a sense of direction that can make them part ways and it will cost your relatives and family huge amounts of cash to pay legal representations in courts to get the requisite guardian.
Moreover, the estate planning may have not been reviewed and revisited for the last few years meaning there are new acquisitions like pets, plots, lands and cars that you have not included and updated their kin meaning you will leave the family in jeopardy and will have to fight it out in courts to have the items shared that can be against your wishes.
There is life situations that can make you insane or even incapacitated and this mean you need to appoint a person that will be in your will to take care of your property in such cases because where you have not included that in your will, the courts and banks will appoint a solicitor that will manage your items on behalf of your family.
When you have not included the life insurance covers in estate planning, there is less possibility of your family and relative being compensated on the same as you will need to apply to get further directions for the same that can stall whereas there are bills to be paid.
There are situations where you may find it worth arranging and paying for the arrangements of your funerals and burials when you die and its pivotal to stick such documents with your estate plan so that the executors will have less time cremating or burying you as you has stated rather that surprisingly finding out later the plans you had.