Last Will

The Basics of Wills

Having a will is an important step for anyone. However, it’s important to clear up some of the misconceptions about these documents, the types of powers one actually has under them and how they can be used to ensure that, as the name of this document implies, your will is carried out regarding your assets after your death.

It’s Not Everything

We can help you set up many different instruments to ensure that your assets are handled the way you want after you die. A will is one of those instruments, but not the only one. In order to get things distributed exactly as you want after you are gone, you’ll want to go through the process of estate planning, which covers much more than simply drawing up a will.

The Biggest Considerations

A will does not provide you with the ability to decide how assets that you do not own completely are handled after you die. For example, if you and your spouse own your home together, a right of survivorship kicks in on your death and they will own that property after you die.

For the assets that you do own, you will need to establish an executor. The executor is the person who actually goes through the process of making certain that your will is honored after you die and that all of your remaining debts and other obligations are taken care of. They will handle everything related to your will.

Your biggest consideration with your will should be appointing a guardian for your child or children after you die. After this, you will want to look at how you will use your will as part of your estate plan. This will mean deciding how assets are divided up among family members or others, how anything you own will be divided up among them and how any investments and other monies you have will be handled.

An Important Step

Drawing up a will is an important step in estate planning. In fact, for many people, it will be the first step that they take, simply because it is the one that most people are familiar with. We can help you to make sure that it’s done right and that your estate is distributed according to your wishes. Get in touch with us today and we can start the process of getting your estate set up properly and writing the will to make sure it goes to whom you wish.

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