The process of creating wills and estate planning is complex and it is advisable to seek professional advice.
Wills can be used to distribute your assets, name guardians for any children, nominate an executor to carry out your wishes, and decide who gets what, when, how, and how much.
What is Wills and Estate Planning
A Will or a Last Will and Testament (not to be confused with a living will) is a document that specifies how you want your estate distributed when you die.
Estate planning includes making arrangements for who takes care of minor children after death, naming someone to handle financial affairs upon death, specifying what should happen to family heirlooms, deciding whether to donate organs or tissues for research or transplantation after death.
Estate Planning is more than just writing a Will. It also includes powers of attorney, asset protection, coaching, and more to protect you, your family, and your hard earned money during your lifetime and beyond.
Why Have a Will
Everybody should have Wills and Estate Planning done. Because Without a Last Will, the State will determine who gets your stuff, how, how much, and when.
A Last Will and Testament is important in case there is no next of kin or if you want to give assets away in specific ways. This document will provide instructions for how your assets are handled upon your death.
If you have minor children, a Last Will and Testament is where you name the people you would want to raise your children if you can’t.
Having a will drafted is important for everybody over the age of 18. When it comes time for your heirs to handle your assets, they may not be able to do so if they don’t know what you wanted them to do with them.