Having estate planning documentation in place is important if you wish to plan ahead for the future. One legal document that many people choose to prepare is a will. This is a powerful tool that can help you make important decisions. An estate planning attorney can walk you through creating this document. Keep reading to learn what a will can do for you:
Outline Who Will Take Care of Your Wishes
You can use a will to outline who will take care of your affairs and wishes once you pass. This person is called the executor, and they will handle all of your important needs for you. This includes properly passing on your assets, paying debts and taxes for you, and going through the probate court process. You want to make sure that you have a will so that you get to decide who handles this for you. Without the proper legal documents in place, your state law will determine who handles this for you.
Protect Your Minor Children
For parents with children under the age of 18, a will is essential. This legal document allows you to choose a trusted guardian. This person will care for and provide for your children if you're ever unable to do so. You want to have a will so that you can choose a trusted loved one or friend.
Decide How Your Assets Will Be Distributed
When you choose to create a will, you also outline how your assets will be distributed after your death. This gives you full control over who inherits what. When you don't take the time to do your estate planning, your state laws will make this choice for you. If you want your assets to go to the right people, a will is a must.
Gives You Greater Confidence
Once you take the time to do your legal planning, you will have greater confidence. This can allow you to live your everyday life more freely without worrying about what will happen in the future. Create your will so that you can have less stress!
Handling your estate planning affairs doesn't have to be tricky or upsetting. A trusted estate planning attorney is ready to help you every step of the way. They will explain the legal tools and documents that can be used to achieve your goals. Contact an estate planning attorney today to begin outlining your wishes or visit sites like https://ivylawgroup.com to learn more.