You might be thinking that just because you don’t own a lot of things of value you don’t need to speak to an estate attorney just yet. The opposite is true. If you aren’t speaking to a lawyer about your assets, you absolutely should, and for good reasons. 

It’s a dark statement, but it’s the truth. Nobody knows for certain when they are going to leave this world. If you leave your assets unassigned in your absence, a lot of things could go wrong. The assets you intend to leave for your heirs may not end up in their hands. Talking to an estate attorney starts the process of sorting out what you have to give to those you want to have it. In the moment of an untimely demise, you will know that this is settled. 

There is no law to protect your assets, possessions or valuables when you pass away. The law does make it easier for creditors to take what is owed, especially if you did not have a will or any legal document that would prevent them from taking everything you own. Creating a will or living trust is some assurance and protection against an order for full liquidation of your assets to pay your creditors. You may not have much now, but you may have a lot more later. 

Stocks, bonds, and investments are printed on paper only as a means of tracking what you have. Otherwise, they are all virtual assets, things you can’t really touch. Protecting the physical assets, those tangible items you paid money for, that’s what really matters. Your house, second house, cars, boats, campers/RVs, etc., are all considered physical assets. If you want to hold onto those, you need to talk to an estate attorney specialist now.

The post Even If You Have Only a Few Assets, Speaking to an Estate Attorney Specialist Is a Must appeared first on Law Offices of Christina Sammartino PLLC.

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