Wills: A Necessity For A Well-Planned Estate
A last will and testament is a fundamental building block for effective estate planning. A properly drafted will leaves no doubt about your wishes.
Wills can be as simple or as complicated as you want. In most cases involving a long-term marriage, the spouses leave all earthly assets to their surviving spouse.
In cases involving adult children and grandchildren, the will may include distributing an heirloom or piece of cherished property to a specific heir or dividing assets to meet a specific need or purpose.
What If You Die Without A Will?
If you pass away without a will, your estate likely will go into probate. When that happens, a court decides how your estate will be distributed, and the court’s rulings may or may not reflect your wishes. If you are single when you pass on, your assets will likely go to your parents first, then your siblings. If you are married with children, your spouse and children often divide your estate.
Failure to have a will also can lead to time-consuming, costly disputes between family members. As an attorney who administers estates and probate, I frequently see what happens to a family when their loved one did not leave a will. The absence of a will can also cause your friends and family to fight over your estate and result in them having irreparable tension for years or more.
Reach Out For Experienced Guidance You Can Trust
To make our first meeting as productive as possible, complete my online will questionnaire and bring it with you to our first meeting.