A will, or a last will and testament, is a legal document that describes how you would like your property and other assets to be distributed after your death.

WILL

1. Distribution of Assets:

A will allows you to specify how your assets, such as property, money, and personal belongings, should be distributed after your death. It ensures that your wishes are followed, and it can help prevent disputes among family members.

2. Guardianship of Minor Children:

If you have minor children, a will allows you to name a guardian who will take care of them in the event of your death. This ensures that your children are placed under the care of someone you trust and who shares your values.

3. Avoiding Intestacy Laws:

Without a will, your assets will be distributed according to the intestacy laws of your jurisdiction. These laws may not align with your wishes and may result in your assets being distributed differently than you intended.

4. Minimizing Estate Taxes:

A well-crafted estate plan, which may include a trust, can help minimize estate taxes and ensure that more of your assets are passed on to your loved ones.

5. Privacy and Efficiency:

A trust can provide privacy and efficiency in the distribution of assets. Unlike a will, which goes through the probate process and becomes a public record, a trust allows for a private and faster transfer of assets to beneficiaries.

6. Planning for Incapacity:

A trust can also be useful in planning for incapacity. By appointing a successor trustee, you can ensure that your financial affairs are managed according to your wishes if you become unable to do so yourself.

Start A Will

It is important to consult with an estate planning attorney to create a will and trust that meet your specific needs and comply with the laws of your jurisdiction.