What steps should I take if I realize that my parents do not have a will in place?

It is crucial that you urgently take your parents to consult a legal representative, so that they can assess your parent’s assets and their desires, and provide them with guidance to effectively prepare for potential incapacity or to ensure appropriate distribution of assets after their passing. Whether it’s avoiding probate or implementing strategies to safeguard the children’s inheritances from divorces and creditors, there are numerous vital aspects to consider in an estate plan and it is highly recommended that you arrange a meeting with a legal professional to assess your parent’s circumstances.