In order to avoid probate, will writing is an important process that will help your estate get distributed in the way you want it. If you have any items of value such as property, investments, or savings, a will ensure they are passed on to those people you choose and not lost through intestacy laws. This article will discuss why it is so important to write a will before death and what goes into one.
What is a will and why do you need one?
A will is a legal document that controls the distribution of your estate when you pass away. The will allows you to decide who will oversee handling your estate, what should happen to it and how it will be distributed. You can give items like jewelry or heirlooms specifically to people rather than having them go through probate.
Wills are also a way of ensuring your estate will be distributed without the government deciding what to do with it, as is the case when you pass away and there isn’t any will in place. With intestacy laws, which will distribute your assets based on set rules if you don’t have a will, there might not even be a will written to begin with. This will only cause more problems for your family members and friends by making them go through an extensive legal process to claim any items you wanted to be distributed as part of your estate.
Why it’s important to write your will before death
If you are interested in will writing, it is important to do this before your death because there will be fewer problems for those who will inherit. It will also save them the money and time they would need to spend going through legal proceedings if a will doesn’t exist or isn’t clear about how assets should be distributed. In addition, with no will written after death, probate might not get finished until years later once all the documents have been approved by courts and everything has been done properly. This can cause further delays when distributing items because family members may end up selling some belongings since they don’t know what else to do with them while waiting on court approval.
How to create a will with the help of an estate planning lawyer
Before death, will writing is an important process that many people don’t think about. By creating a will before your passing, it will ensure things go smoothly and will save those you love time and money on legal proceedings after your death. Of course, this last will sample could be changed in any way the author sees fit. It’s also a good idea to provide some contact information for those responsible for taking care of things when you die, as well as any personal wishes such as funeral preferences.
If there are no issues with distributing assets based on set rules, then anyone can write up a simple will themselves without having to use an attorney.
Why should you have a living trust as well
Having a will is important, but it’s also worthwhile to consider having what is known as a living trust. This will help ensure your assets are distributed in the way you want without going through probate after death like with wills. In addition, if there are any issues or problems that need to be resolved, then this will speed up the process because of how quickly trusts can be handled compared to court proceedings.
Things to include in your will
Every will should include the will-maker’s name and address, as well as their legal description of what they will be doing when writing up the will. In addition, it is a good idea to provide information on who will be taking care of things like distributing assets upon death or anything else that needs to happen after you pass away.
If there are any items in your estate you want specific people to have instead of going through court proceedings, then this should also go into your will with contact information for those responsible for handling these matters. Of course, every will can contain different
Preferences and wishes, so these sections may vary depending on personal preference.
You may not think about your death often, but it’s important to do so now. Writing a will is one of the most valuable things you can do for yourself and your family because if you have no will in place when you die, state law dictates how your estate must be distributed. We hope this post was helpful in understanding how a will can help you make sure your assets are distributed according to your wishes.