Wills
Wills Keep You In Control
When you prepare a will, it helps to ensure that all of your assets are passed on according to your wishes and desires. It represents the single and most important tool that you have at your disposal in terms of estate management, and everyone should have a valid and current will even if they do not possess a lot of assets. It can minimize disagreement, confusion and legal problems that may arise upon your death, and a will helps to establish how your assets will be distributed.
Why Should I Have A Will?
One of the main reasons to create a will is that it prevents the state from administering your estate. There are laws that specify how debts are to be settled and assets divided in the absence of a will, and these standards may not represent your best interests.
A will is simply a document that provides a legally binding description of how you want your property and money to be distributed. Creating a will does not need to take a lot of time or cost of lot of money, and it can prevent expensive and contentious legal problems from occurring in the future.
Keep in mind that you will not be able to will everything that you own to anyone you wish. Joint bank accounts and property ownership, insurance policies with specific beneficiaries, payable on death bank accounts and other assets may be excluded.
Assets are also subject to estate taxes, probate costs and the settlement of debts before they will be distributed to your beneficiaries. Your spouse is also entitled to a minimal portion of your estate. Remaining assets are usually free to be distributed according to your wishes.
It is always a good idea to discuss will preparation with an experienced attorney due to the complexities that are involved. This is the best way to ensure that your assets will be distributed according to your wishes and that the interests of your intended beneficiaries are protected.
A will is the best way to provide clarity and certainty with respect to property and who will administer your estate upon your passing. A properly prepared and reviewed will can also minimize the risk of it being contested by a disgruntled family member or other party.
Contact Us To Help Prepare Your Will
You should always consult with experienced legal professionals when drafting a will, and Stano Law Firm is here to help. We will examine your assets, financial situation and overall intentions to create an estate plan that is based on your particular circumstances. Protect those you love as well as your life’s work through the creation of a will that expresses your wishes.
To get started today, call us at (440) 888-6448 or fill out our contact form.