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
You, and you alone, are responsible for letting family, friends and the government know how you want your assets and property split up and to who. If you don't make the decision, the state will step in and make it for you and, in most cases, that does not go over well. Since you won't be around to see that things go smoothly and where and to who they should, a will gives you the chance to set your affairs straight at the time when you probably won't be able to do so.
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.
Prevent Contention
A will can help you family members remain at peace You do not want them to fight over your property. Sadly, this is exactly what happens. A person dies without having written a will. Then this person's loved ones argue over who gets his or her assets.
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.
Maintain Wealth Within Your Own Family
When no will exists, the state authorities have a very strict plan for deciding how property gets appropriated and it does not even think about your wishes and your family cannot express what they believe your wishes to have been.
Having a will makes it possible to keep your assets within the family so that you can make the best possible use of it.
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 Start Crafting Your Will
Always remember that choosing the right lawyer is absolutely vital and your hiring decision should never be based exclusively upon advertising that you see. Check references before retaining any legal help.
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
You, and you alone, are responsible for letting family, friends and the government know how you want your assets and property split up and to who. If you don't make the decision, the state will step in and make it for you and, in most cases, that does not go over well. Since you won't be around to see that things go smoothly and where and to who they should, a will gives you the chance to set your affairs straight at the time when you probably won't be able to do so.
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.
Prevent Contention
A will can help you family members remain at peace You do not want them to fight over your property. Sadly, this is exactly what happens. A person dies without having written a will. Then this person's loved ones argue over who gets his or her assets.
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.
Maintain Wealth Within Your Own Family
When no will exists, the state authorities have a very strict plan for deciding how property gets appropriated and it does not even think about your wishes and your family cannot express what they believe your wishes to have been.
Having a will makes it possible to keep your assets within the family so that you can make the best possible use of it.
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 Start Crafting Your Will
Always remember that choosing the right lawyer is absolutely vital and your hiring decision should never be based exclusively upon advertising that you see. Check references before retaining any legal help.
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