Creating a will and last testament is one of the most important things you can do to protect your family, loved ones, and assets in the event of your death. Although many of us are tempted to keep pushing this task into the future, it is something that every adult should take seriously. A will and a last testament can make all the difference in the world for making the monetary and logistical aspects of your death more manageable for your loved ones.
When you create a will, you are the person who determines what happens after your passing. Instead of leaving it up to your family members to try to figure out what you would have wanted, you get to make the decisions about how your personal property and finances are divided.
Who do you want to oversee the ins and outs of what you leave behind? This trustworthy, personal representative in your life is given full legal authority to execute your will when they are specifically named in the legal document.
In the unfortunate event that your minor children lose you before they are of legal age, a will can determine who you entrust to care for them in your place. This protects your kids and ensures that you know they will be cared for by the person of your choice, rather than leaving this up to family members or the court system to decide.
Writing a will isn't always the most-pleasant item on your to-do list. Many of us avoid estate planning when possible. In fact, a survey by AARP noted that 2 out of 5 Americans over 45 do not have a will. Still, making a simple will doesn't have to be complicated.
Deciding between a will and a trust is a key step in planning for the future. A will is different from a trust because it can often be created without an attorney or notary. However, a simple will must be processed in probate court for it to go into effect, which you should consider before choosing a will over a trust.
Testamentary Trust Wills
Handwritten & Oral Wills
No one likes to think about the end of their life, but it’s important to do so in order to plan for the security of your family and property. It’s a daunting task and not only because it feels unpleasant. It’s hard to know what to do in order to make sure your family and property are taken care of.
To learn more about how Port Legal can help you navigate the complicated and sometimes confusing world of wills and trusts, contact us today.