Last Will and Testament
The importance of having a will is often underestimated. People often don’t want to think about dying and what will happen after they are gone. However, planning before you are gone will make the process of administering your estate much easier for those you leave behind.
Having a will is important to ensure that your heirs receive the inheritance you want them to. You can also set forth charitable contributions that may be important to you. Without a will, your estate will be processed through the probate court as “intestate”, meaning without a will, and a judge will determine the distribution of your assets.
A will is also important to ensure that your children are cared for by the people you want. Your will can set forth a guardian and alternative guardian to care for your minor children. It’s important to consider who you would want to care for your children in the event you are unable to. If you don’t have a will that sets forth who you want to care for your children, there may be fighting amongst family members as to who would be able to best care for your children.
A will can also set forth certain charitable contributions you want made after you have passed. Sometimes people leave most or all of their estate to various charities. Other people only want to leave a small portion to a certain charitable. Your will is flexible and can be set up to best suite you and your family’s needs and wishes.
If you need to create a Last Will and Testament for the first time, or need to update your will, contact Stephanie Flynn Law or call (402) 325-8469.