What happens if you do not have a will or estate plan? (like 57% of US adults)
- The state that the deceased resided in determines how the property is distributed
- The state fills the role of the executor
- The Court will find an heir
- Probate is a lengthy and costly process for the estate
What is an Estate Plan and why do you need one?
Senior Associate Chasity Cooper lays out the various elements that are generally included in an estate plan and highlights important things to consider when deciding if you need one.