If you’ve found yourself thinking that you need to make a will, then this blog post is for you. First things first, it’s a great idea to talk to a will attorney to make sure that everything is properly taken care of from a legal standpoint. Otherwise, it’s actually the court system that decides what happens to your belongings. Learn more in this week’s post from an experienced estate planning attorney at Lewman Law.
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Benefits of Creating a Will
What are the benefits of creating a will? We all know that a will allows you to decide what happens to your assets after you die, but comprehensive estate planning also includes things like your medical wishes while you’re still alive, or who will take care of your children if anything happens to you.
Having a will also makes the process of probate much easier for your loved ones. You can decide who your belongings and assets go to, such as charities or other beneficiaries. Without a will, there’s usually a long process to determine who gets what, which, unfortunately, can also invite conflict. The probate process takes time and money, not to mention your loved ones will already be grieving for their loss.
Your will also designates an executor when you make an estate plan. This is the person you choose to handle your final affairs. They are responsible for things like making sure your final debts are paid, and your assets are distributed according to your wishes. A lawyer should be consulted before making any decisions because there are many things that need consideration when creating an estate plan.
Wills Need to Be Updated
Another thing to consider is that there are times when your will needs to be updated to make sure it’s current. This usually coincides with major life changes, such as the birth of a child, a new marriage, or divorce. There are actually a lot of things that can change your estate plan over time, so it’s a good idea to talk to your will attorney to find out what needs to be done.
Talk to a Will Attorney
As you can see, there are benefits to having a will in place long before it’s ever needed. If you want help creating your estate plan with an attorney who specializes in wills and trusts, please contact Lewman Law. We’re happy to answer any questions or concerns that you may have about writing a will, or other aspects of crafting a comprehensive estate plan. You deserve the peace of mind that comes with knowing your assets won’t be arbitrarily distributed, and your healthcare wishes will be carried out.
At Lewman Law, we help people with all aspects of estate planning. Whether you already have a will and want to update it or you’re just getting started, we can help! Contact us at Lewman Law today by dialing (925) 447-1250.