• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Sexton, Bailey Attorneys, PA

SEXTON BAILEY ATTORNEYS, PA an Arkansas Estate Planning & Trust Information Center

Sexton, Bailey Attorneys, PANorthwest Arkansas Estate Planning Attorneys(479) 443-0062

Client Vault
  • Home
  • Our Firm
    • About Our Firm
    • About the American Academy
    • Advantages of Working With Our Firm
    • Attorney and Staff Profiles
    • News & Events
    • Our Reviews
    • Speaker Connection
  • Estate Planning
    • Asset Protection & Business Planning
    • Elder Law & Medicaid Services
    • Estate and Gift Tax Figures
    • Estate Planning Services
    • Family-Owned Businesses & Farms
    • Incapacity Planning
    • Legacy Planning
    • Pet Planning
    • SECURE Act
    • Special Needs Planning
    • Trust Administration & Probate
  • Webinars
  • Practice Areas
  • Resources
    • DocuBank
    • Elder Law Reports
    • Estate Planning Resources
      • Estate Planning Articles
      • Estate Planning Checkup
      • Estate Planning Definitions
      • Estate Planning Reports
      • Incapacity Planning Definitions
      • Is Your Estate Plan Outdated?
      • Top 10 Estate and Legacy Planning Techniques
    • FREQUENTLY ASKED QUESTIONS
      • Estate Planning
      • Frequently Asked Questions for Families Without an Estate Plan
      • Legacy Wealth Planning
      • Medicaid Planning
      • Pet Planning
      • Trust Administration & Probate
    • Newsletters
    • Trust Administration & Probate Resources
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • Loss of a Loved One
      • The Mourner’s Bill of Rights
      • Things You Need To Do When a Loved One Passes Away With a Trust
      • Things You Need To Do When a Loved One Passes Away With a Will
      • Trust Administration & Probate Definitions
  • Reviews
    • Our Reviews
    • Review Us
  • Contact Us
  • Blog
Home / General / 8 Disasters Caused By Not Creating an Estate Plan

8 Disasters Caused By Not Creating an Estate Plan

January 2, 2012 by Audra Bailey Wilcox Leave a Comment

Not taking the time to create an estate plan can have a negative impact on your future.  Your true wishes may not be respected and you and your family may not be protected throughout your lifetime. Take a look at the following information, to better understand the importance of creating an estate plan.  If you have any questions, or if you’d like to begin discussing your estate plan needs, contact an estate planning attorney.

 

If you choose not to plan, the following disasters may happen:

 

  • You won’t have the medical and financial assistance that you need during medical emergencies.
  • The court will appoint a guardian for your children on your behalf; it may be a stranger.
  • Your assets may not be given to the “right” people.
  • Your loved ones may not have enough assets to pay monthly bills after your death.
  • Your beneficiaries’ assets may be taken from you during divorce, bankruptcy, the nursing home, or a lawsuit.
  • Your loved ones may have to make difficult decisions on your behalf such as funeral planning and whether to remove life support.
  • A loved one may abuse the assets that he or she is given, especially if they have a drinking, drug, or gambling addiction.
  • A loved one with special needs may be disqualified from receiving public assistance because of an inheritance received from you.

 

Staying in control is important to most people; if you continue to put off your planning, you won’t be in control.  This may mean that your affairs won’t be handled as you wish.  Make sure that your wishes are known and legally documented, so that they’re fully respected.

 

Are you ready to have control over your future?  If so, now is the time to plan.  If you have any questions about how to begin creating your estate plan, consult with a qualified estate planning attorney.

  • Author
  • Recent Posts
Audra Bailey Wilcox
Audra Bailey Wilcox
Attorney at Sexton, Bailey Attorneys, PA
Audra Bailey Wilcox
Latest posts by Audra Bailey Wilcox (see all)
  • Bill Nye the Science Guy on Wearing Masks in Public - July 11, 2020
  • Low-Interest Loans: An Estate Planning Technique - June 23, 2020
  • Irrevocable Medicaid Trusts - June 16, 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Sexton, Bailey Attorneys, PA

Is Your Plan Outdated?

Subscribe to Our Blog

Office Address

Fayetteville
2766 Millenium Drive
Fayetteville, AR 72703
Phone: (479) 443-0062

Office Address

Prairie Grove
1100 Division Street, Suite 4
Prairie Grove, AR 72753
Phone: (479) 846-6026

Office Address

Farmington
6 West Main
Farmington, AR 72730
Phone: (479) 267-4441

Office Hours

Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 12:00 PM

Map

map for office
  • Facebook
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

footer-logo

© 2021 American Academy of Estate Planning Attorneys, Inc.