A will is an important estate planning document that outlines how you want your assets and affairs handled following your death. Key items accomplished with a will include:
- Who will serve as a guardian to your children
- Who will receive your possessions, assets and real estate
What if I die without a will?
If you die without a will, you die “intestate,” and the intestacy rules will dictate who handles your affairs and who receives your assets. In other words, if you don’t have a will in place, the state makes one for you. Frequently, the time, expense and administrative requirements of dying intestate significantly reduce the amount of assets your beneficiaries receive. And the beneficiaries chosen by the state may not even be the ones you intended to inherit your assets.
If you have any additional questions about drafting or modifying your will, please contact us to schedule a free, no-obligation consultation.