The State’s Default Plan: A Frightening Proposition
When you don’t make your own will or trust, the state’s plan dictates how your affairs are managed, including appointing a Personal Representative (PR) based on a default order of priority. This means that the person tasked with handling your estate could be someone you would never have chosen. Perhaps it’s a relative you don’t trust or someone you barely know…

Dividing Your Assets: The State’s Hand
Once the PR is appointed, the next step is dividing your assets. The state has a predetermined way of distributing your belongings among family members, which can be a far cry from your own wishes. Spooky, isn’t it? Without a will or trust, your personal possessions, financial accounts, and even sentimental heirlooms could end up in the hands of relatives you may not even want to inherit them.

The Cost of Serving as Personal Representative
To add another layer of fright, even if a responsible family member is chosen to be your PR, they may be required to purchase a bond before serving. This bond acts as a sort of insurance policy, ensuring they manage your estate responsibly. This extra step can be both financially complicated and burdensome during an already difficult time.

Underage Beneficiaries
If you have minor children, the lack of a will or trust becomes even more concerning. The options for underage beneficiaries inheriting property are severely limited. The state’s system may involve complex and expensive financial guardianship proceedings, further complicating your family’s grief and straining their resources.

No Safety Net for Orphans: A Court’s Decision
Perhaps the spookiest scenario of all? If there are no surviving parents for your minor children, their guardianship will be left up to the courts. This means a judge, who may not know your family or your wishes, will decide who will care for your kids. The thought of leaving such an important decision in the hands of the court is enough to send shivers down your spine.

Take Control Before It’s Too Late
The bottom line is clear: failing to create your own will or trust can leave you at the mercy of the state’s default plan—one that may not reflect your wishes, values, or the best interests of your loved ones. Don’t let the state decide your fate or that of your family. Take action now to establish your own estate plan, ensuring your voice is heard and your legacy is honored. After all, there’s nothing scarier than the unknown!

As we embrace the season of spooks and scares, let’s not forget to tackle the truly frightening aspects of life with proactive planning. Your family deserves it—and so do you.

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