Estate planning, wills and trusts: It's never too early get started

He was a classy, hard working old gent and he owned his home free and clear. He didn't owe anything to anyone. He passed away unexpectedly one day without leaving a will. Now, several thousand dollars of attorney's fees have piled up yet basically nothing has been accomplished to bring his estate to closure. Therein lies the legacy of my father-in-law.

There are two ways to handle the planning of your estate settlement. You can learn what you need to know and execute what is generally a fairly simple plan, or you can ignore the fact that some day you'll fade away from this life and thereby leave the distribution of your assets to the law and to chance. My recommendation is that you begin the learning process right this very minute. What you learn through this blog post could actually affect your heirs for decades to come.