A legally sound will and an estate plan are essential to distribute your assets properly. Your loved ones may rely on this estate plan to make sure they can provide for themselves and any relatives or children you have when you pass.
Have you written a formal will? If not, starting your will and estate planning now could benefit you. Writing your will now with a licensed attorney experienced in probate law will ensure all goes to plan for your family and loved ones in the future.
Many people look to plan their will later in life. However, writing your will when you reach adulthood or get married and start a family is recommended. When you start accruing assets such as a home, car, or savings account, you should determine who will receive those assets if you pass. Having your will in order as soon as possible will ensure your assets go to family and loved ones. According to CNBC on Oct. 29, 2022, “Two-thirds of U.S. adults have no will.” If a will is not written before a person’s passing, the deceased assets will be distributed according to the judgment of a judge or government official. A licensed attorney can help determine the best time to write your will and the recommended steps to take.
There are many do-it-yourself guides on writing your own will. However, a will is essential, and an attorney is a valuable asset to your estate planning process. What you decide to put in your will will ultimately impact the lives of your friends and family. That being said, we recommend hiring a licensed attorney experienced in probate law to guide you in writing your will. Some specific standards and outlines must be followed in writing any legal document, which could prove challenging for those not experienced in this area of law.
Our attorneys at Rucker, Rucker, and Aymett are experienced in probate law and can help guide you through will and estate planning. You can reach out to us for a free consultation here: https://rralawfirm.com/.