Your Will is the most important document you will ever prepare and even if your estate is not overly complicated you should seek legal advise to assist you with the preparation of your Will. Your will is the keystone of your estate plan. It spells out how your assets will be distributed and how your dependents will be cared for after you die. If a will is properly prepared, witnessed, and signed, it ensures that your wishes regarding these matters will be carried out.
If you are currently married, make sure both you and your spouse draw up a separate will. If you are getting remarried, consider a prenuptial agreement to protect the inheritance of your current heirs. If you have a Will you should review it every 5 years with your lawyer to make sure it is up-to-date and reflects your present wishes. If you do not have a Will, you may be leaving your loved ones with extra expenses and headaches.
If you die without a will (called “intestate”) the Probate Court will appoint an administrator to oversee and manage your estate. The administrator’s duties can include distributing your assets and naming guardians for your children. Be aware that the administrator is guided by local laws, not your wishes, when he or she makes decisions about your estate.
Having a will not only let you decide how you wanted your estate divided upon your death, but the vast majority of times, a will makes the administration of the estate easier and the costs less. With over 25 years of legal experience, we offer our clients assistance with Estate Planning, Drafting of Will(s) and Power of Attorney(s) and dealing with problems experienced in Estate Administration. Call Brian C. Wilcox Now for an Appointment!
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