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Will / Estate Planning

Will / Estate Planning

A will is a legal instrument that outlines your preferences concerning the distribution of your assets and the guardianship of any minor children you may have. It serves as a directive for the allocation of your estate and the well-being of your children following your passing.

The importance of having a will extends beyond considerations of wealth or complex assets. Here are compelling reasons for creating a will:

Clarity in Asset Distribution: By having a will, you can explicitly specify who receives your assets, determining the beneficiaries and the extent of their inheritance.

Control Over Asset Distribution: A will allows you to prevent certain individuals, such as estranged relatives, from acquiring your assets against your wishes.

Designation of Guardian for Children: You can use a will to designate a guardian for your children, ensuring that the responsibility falls to someone you trust. Without a will, the court will decide on guardianship arrangements.

Efficient Access to Assets: With a will in place, your heirs can experience a smoother and faster process in accessing and inheriting your assets.

When considering the creation of a will, opting for a written testamentary will is advisable. This traditional form involves drafting the document and signing it in the presence of witnesses. This approach serves as robust protection against potential challenges to your wishes from family members or associates after your demise. While it is possible to create a will independently, consulting with a trusts and estates attorney can provide added assurance and legal expertise in preparing this crucial document.