Even though many people are not always ready to start the estate planning process, it is important to note that it is one of the most significant decisions anyone can make. Luckily, our experienced Butler County will preparation attorney and other legal team members have dedicated our approach to supporting individuals through each step of the estate planning process, no matter their age, financial standing, or otherwise. Continue reading to learn more about the importance of creating a will and how our firm can help you and your family achieve the peace of mind you require.
What are the benefits of creating a will?
When an individual drafts a will, you are setting the standards for how many of his or her assets will be distributed and to whom, which can help prevent serious issues and potential conflicts between family members after your death. Also, constructing a will guarantees that you have selected an executor to manage the administration of your estate. Ultimately, if you pass on without creating a will, it means that you have died intestate, which initiates intestate succession. Basically, when this occurs, only blood relatives, your spouse, or a registered domestic partner can inherit your assets. Keep in mind that this excludes friends and other relatives that you could have wanted to acquire assets upon your death.
Why should I establish guardianship in a will?
If you are a parent, it is important that you craft a will no matter what your financial possibilities are. This is because, with a will, you can select guardians to take care of your children, in the event that something ever occurs to you and your spouse. Even though no parent ever wants to think about not being able to care for and be there for their children, it is always best to prepare for the worst-case scenario. If you do not appoint guardians (those who you trust to care for and raise your children responsibly and according to your wishes) the courts will appoint a guardian on your behalf after your passing. The courts will do their best to pick your child’s guardian on the ground of his or her best interests, however, nobody comprehends your child’s best interests as you do. Creating guardianship can prevent your child from slipping into the wrong hands. Do not hesitate to reach out to our firm today if you would like to start the will-writing process. Our firm is here to walk you through each step of the way. We are on your side.
CONTACT OUR EXPERIENCED PENNSYLVANIA FIRM
Whether you are dealing with matters involving estate planning, estate administration, or elder law, you need a legal team you can feel confident will represent your best interests, every step of the way. We are that legal team. Contact Heritage Elder Law & Estate Planning today so we can get started.