Reasons to Have a Will
What is a will and why do I need one?
A will is a legal document that determines the distribution of assets in case of death. A will is also able to appoint legal guardianship for children who are minors. At the Law Firm of Amy R. Turos we will work with you to create this will that clearly communicates your requests and wishes. When preparing a will, we will work with you to gather a list of your assets, debts, personal property and children involved. After the will is prepared you will have a witness participate in the validation of the will.
What are the benefits of having a will?
The benefits of having a will are that it contains a variety of different items. It includes an executor, beneficiaries and guardianship. An executor is designated by the individual that created the will. They are responsible for carrying out the provisions of the will. Beneficiaries are also designated by the individual creating the will. They are who will inherit the assets listed in the will. Lastly, guardians are listed in the will if the individual making the will has children. They are who will have guardianship over minor children.
Why is it important to have a will?
Whether you consider yourself young or old, having a will created is highly important. It is especially important if children are involved. We never know what life will throw at us and when, so it is encouraged to be prepared by having your will complete. Having a will ensures your assets, estate and children are in the hands of those you choose rather than the state you live in choosing. Having a will also relieves your friends and family from spending their own time and money settling your affairs.
What happens if you don’t have a will?
If no will has been created before the time of death, the state in which you live in will be responsible for determining how to distribute your assets among your listed beneficiaries, also known as intestate. Your assets and other large decisions will be made based on a set formula. This set formula may not please all parties involved and can lead to disagreements or complications. Having a will can avoid this and make the hard transition of a death a bit easier on everyone involved.
Why everyone needs a will
Everyone needs a will to ensure their wishes are carried out in the way they want them to be carried out. The Law Firm of Amy R. Turos can help create a will with you that represents your wishes and what is best for you, your family and your assets. The will makes life easier for friends and family to sort everything out after you pass away and allows them to focus on the grieving process instead. Tomorrow is never promised, and we want to help all individuals be prepared for the unexpected.