Estate planning requires Nevada residents to think about death

The fact is that everyone is going to die. No one can escape this fate. The only question is when it will happen. Because few people know when they are going to die, estate planning should be a priority for every Nevada adult.

As uncomfortable as it might be to contemplate the fact that death is inevitable, what might be even more disconcerting is discussing it with family members. However, any short-term discomfort in discussing death pales in comparison to passing away without at least the basic estate-planning documents. For instance, without a will, the state of Nevada will dictate who will receive the assets left behind.

An estate plan is not only for the individual. Some would say that it is even more important for surviving family members. In the aftermath of the death of a loved one, there are numerous details that need to be taken care of despite the emotional upheaval that it causes. The fewer decisions that family members have to make on their own, the easier the process could be for them. It might be easier to simply follow instructions left behind than to have to make all of the decisions.

No one likes to contemplate his or her own death, but it is necessary in order to conduct estate planning. Perhaps viewing it as the last gift that an individual can give to his or her family would make the process easier. Regardless of what it takes to get the ball rolling, coming up with a plan to dispose of assets after death is one of the most important tasks anyone could perform for his or her family.

Source: Forbes, “What Every Estate Planning Lawyer Wants You to Know About Death and Dying“, Jeena Cho, June 13, 2016