I often hear the question: What if I die, and I don’t have a Will or Estate Plan? Here’s my response: Your family and the courts will get your stuff from Point A to Point B, but that’s just one part of the puzzle. At the core of Estate Planning is an emergency response team. You need to name your team. That’s where an Estate Plan comes in.
Name an Emergency Response Team
What if you don’t? Here’s one scenario: Uncle Jimmy gets to the courthouse first, and now he’s stealing everything—that’s how your relatives see it, anyway.
If you don’t have an estate plan in place when you die or become incapacitated, it means you were absent when your team was selected. As a result, you might have a bad team.
Draft your Fantasy Football Team
It’s the same concept as auto drafting a Fantasy Football team. Have you ever heard people complain about the players who were auto drafted? My team sucks because I wasn’t there on draft day. I’m stuck with a whole bunch of junk, and I can’t find anything on the waiver wire. Just because you die without an Estate Plan or Will doesn’t mean your team doesn’t get formed. It still does. The computer auto drafts for Fantasy Football, and the courts (and hopefully your family and friends) auto draft for you. They piece together a team, and let’s hope it’s a winning one.
Develop Your Estate Plan
The best way to assure you have the right team in place is to develop an Estate Plan. You select your team and assign them to positions in a way that’s legal and binding. You choose custodians for your children, people you trust to make pivotal health care decisions, the most knowledgeable individual to handle the finances, and so on. When you can’t talk for yourself, either because of an incapacity or death, this team will take the field and move the ball to the end zone. Don’t leave it to auto draft. Contact Shanley Law LLC today for a free Estate Planning consultation.
About Us: Attorney Devin Shanley is the approachable expert clients can trust. A native of Green Bay, Wisconsin, Devin has been developing legal solutions in his beloved hometown since 2012. Married to Mo and dad to two rambunctious kids, he has a soft spot for the Green Bay Packers, grilling out, and playing with his kids. His areas of practice are Estate Planning, Family Law, Business Law, and Non-Profit Organization Law. Schedule your free consultation by calling 920-471-4337.