Regular working folks have nothing to divide up after their death, right? Wrong. The truth of the matter is that everyone needs a will. Many people make the mistake of thinking that a last will and testament is only for the uber rich, a belief reinforced by the over-sensationalized media and dramatic soap operas.
All jokes and drama aside, this is a myth and buying into this myth can cause turmoil among your family after you've departed. Consulting with an estate planning attorney and writing a will is something that every responsible citizen should do. Read on to know just how important it is to have a will.
Clarify Your Intentions
Only you are responsible for letting the government, your friends and your family know how you want your property to be divided. With taking decisive action, the state is going to do this for you and it usually won't work out the way you want it to. Given that you cannot be present to make sure that things are disbursed correctly, writing a will ensures that your affairs are settled according to your actual wishes.
Once yo have passed on, the people who care about you will want to know what your intentions were for your property. Their goal will be to respect your wants and wishes. This is a legal document that the state must abide by.
Keep the Peace
You can keep your relatives from fighting with one another over your assets by having a will. You certainly don't want to have them fighting over your property. Sadly, however, this tends to happen quite a bit. A person dies without having a will or intestate. Then, this individual's remaining family members start arguing about who gets what.
The failure to have a will can even lead to serious legal battles. Get with an estate planning lawyer now to avoid this problem in the future.
Keep Family Wealth In The Family
If you choose not to set up a well, there is a very stringent formula that the state authorities will use to determine how your property should be appropriated and it will not consider what you wanted or what your family says they believe you wanted done with your assets.
Wills make it possible for people to keep their wealth in their families and to decide how it will be best used.
Your will can ensure that the right people receive the property that they should have. Then, they can preserve the family estate, no matter how big, or how small, it is. In the event that there is considerable value left behind, a will also make it easier for your family to build on it for future generations.
Time to Make a Will
You should not base your hiring decision on advertising alone given that your choice of an attorney is an incredibly important one. Go over references before retaining your attorney.
All jokes and drama aside, this is a myth and buying into this myth can cause turmoil among your family after you've departed. Consulting with an estate planning attorney and writing a will is something that every responsible citizen should do. Read on to know just how important it is to have a will.
Clarify Your Intentions
Only you are responsible for letting the government, your friends and your family know how you want your property to be divided. With taking decisive action, the state is going to do this for you and it usually won't work out the way you want it to. Given that you cannot be present to make sure that things are disbursed correctly, writing a will ensures that your affairs are settled according to your actual wishes.
Once yo have passed on, the people who care about you will want to know what your intentions were for your property. Their goal will be to respect your wants and wishes. This is a legal document that the state must abide by.
Keep the Peace
You can keep your relatives from fighting with one another over your assets by having a will. You certainly don't want to have them fighting over your property. Sadly, however, this tends to happen quite a bit. A person dies without having a will or intestate. Then, this individual's remaining family members start arguing about who gets what.
The failure to have a will can even lead to serious legal battles. Get with an estate planning lawyer now to avoid this problem in the future.
Keep Family Wealth In The Family
If you choose not to set up a well, there is a very stringent formula that the state authorities will use to determine how your property should be appropriated and it will not consider what you wanted or what your family says they believe you wanted done with your assets.
Wills make it possible for people to keep their wealth in their families and to decide how it will be best used.
Your will can ensure that the right people receive the property that they should have. Then, they can preserve the family estate, no matter how big, or how small, it is. In the event that there is considerable value left behind, a will also make it easier for your family to build on it for future generations.
Time to Make a Will
You should not base your hiring decision on advertising alone given that your choice of an attorney is an incredibly important one. Go over references before retaining your attorney.
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