Advice from a Wills and Trusts Attorney: Why You Need a Will

Advice from a Wills and Trusts Attorney: Why You Need a Will Have you ever asked yourself, "Why do I need a Will?" You won't be alone. Many people delay the task of completing a Will because they think a Will is only for the wealthy, or that they need to be older to have one. The reality is, having a Will in place is essential for planning your future, and any age or financial status warrants prudent estate planning. You can get assistance with the preparation of documents to safeguard your loved ones and your legacy from a licensed attorney who specializes in wills and trusts.

What Is a Will and Why Is It Important? A Will is a legal document that explains how you want your assets distributed when you die. It should be one of the basic components of your estate plan. The state will decide how to deal with the estate if there is no Will; this might not be what you wanted. You can make a will that , When you work with an attorney who specializes in wills and trusts: • Directs who will receive your assets • Nominates the Executor to manage your estate • Names guardians for your minor children • Reduces the likelihood of family disputes • Streamlines the probate process • Can reduce estate taxes

Why Do I Need a Will? 1. Take Care of Your Family -

If you die without a Will, or "intestate," the state laws will govern how your estate will be distributed. This frequently results in unnecessary stress and family conflict. You can ensure that your loved ones are cared for according to your wishes with a will. 2. Choose a person to care for your children To name a guardian for your minor children is one of the most important reasons to have a Will. The court will make the decision on your behalf if you do not have a Will, and it may not be the person you would have chosen. 3. Avoid Delays and Complications The likelihood of errors or challenges to your estate are greatly reduced when you work with a skilled attorney to create your trusts and Will, significantly reducing the amount of time required and potential complications for your heirs. 4. Control Your Legacy With a Will, you can decide where your assets, including money and property, will go after you pass away. You can also set up a special trust for a specific person, purpose, or even a beloved pet or give to a charity.

Work with an attorney for Wills and Trusts : Not only can you get help writing and signing a valid Will, but you can also get help making trusts, healthcare directives, and powers of attorney with the help of an experienced Wills and trusts attorney. A great way to ensure that your entire life plan is addressed in your planning documents is to include all of these components in a single estate plan.