Wills, Trusts and Estates Attorney
Estate planning is a great way to prepare for the future. Within an estate plan, there are a series of documents that serve the purpose of instructing how you want your legacy to be handed down to future generations. One of those documents is called a last will and testament, which outlines how you want your assets to be distributed upon your death. In this way, it prevents your beneficiaries from dealing with the added stress of a legal proceeding while in the midst of their grief. As a wills lawyer offers, here is some insight to consider while devising your last will and testament.
To write a will, you need to be familiar with just how much in assets you have. For instance, have you taken a good look around your home lately? You may find that you have quite a few belongings that may have monetary value, or not. What is important is that you have a list of items that are either monetarily valuable or have sentimental value. Once you have this list, you can decide who in your life should inherit these items after your passing.
You may be asking yourself, what happens to your belongings if you die and don’t have a will? Well, the court would then handle the distribution of your assets and close your estate based on state intestacy laws. With this in mind, it’s certainly worth taking the time now to plan for the future. It can save your loved ones money and time by not having to wait for their inheritance, which may offer much needed financial support as they are going through their period of grief. Writing a will can feel like a daunting task, which is why you may want to get help from a lawyer for further guidance, according to our friends at the Law Group of Iowa.
If you are wondering if you need a will, the answer is usually yes, as long as you are of adult age. Anything can occur at any time, and life can be unpredictable. It can provide relief to know that your after death wishes would be followed because you have a legally binding document that expresses them. You can then appoint someone to be responsible for carrying out your instructions as written. The person you choose should be someone that always watches out for your best interests and is willing to take on this role when the time comes to do so.
Writing a will should be on everyone’s to-do list, since it will be what is used to pass along what you have earned throughout your lifetime to those you love the most. Anyone who has questions about getting started can seek assistance from a law firm that is familiar with helping clients write estate plan paperwork. Achieve peace of mind now by establishing your last will and testament, or other such estate planning related documentation. The time to work on your estate plan is as soon as possible.