Having a Will is a very important part of an Estate Plan. The goal of a Will is to make sure your property goes to who you want when you pass away.
A Will is a document which is carefully prepared and signed in front of two witnesses. In a Will you list how and when you would like your assets to be handled, as well as naming an executor to manage your Estate.
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Naming a Guardian of a minor is the most important issue normally found in a Will. Without a Will in place, your minor children may be appointed a Guardian that you do not desire. Also, you will not have any influence over how your taxes and debts will be handled.
Typically the person listed as a beneficiary on any of your policies or accounts, will take precedence over a person listed as a beneficiary in your Will. This is why it is so important to have an updated Will and a comprehensive Estate Plan.
At Martin Law, PC, we have more than 20 years of experience in the field of Estate Planning. This entails helping individuals, like yourself, to draft and change their Wills. We are very familiar with all of the elements that are incorporated in drafting a Will thoroughly.
The following can be accomplished with a will: