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If you’re thinking about drafting will, chances are you’ve come across dozens of templates and how-to videos through a quick online search. While there are tons of online resources about creating wills, trusts, and powers of attorney, it’s not ideal to take a "Do It Yourself" approach to estate planning.
Most people assume wills are just for bequeathing property to loved ones, but you can include all kinds of assets and terms in this document. For example, you can name the executor of your estate, designate guardianship of any minor children, and leave certain assets to charity. We will will ensure you consider everything when drafting your will to mitigate disputes during probate.
Although it is possible to draft a will yourself that is legally binding, having an experienced attorney perform a thorough review can help ensure the document will hold up in court. Every state has strict statutes governing probate, and they change all the time. That means you must use a template that is both up-to-date and meets your state’s requirements. If you use an outdated template, or out of state template, there’s a good chance your will may not be legally binding.
Perhaps you were married before or you have children with someone other than your current partner. Regardless of your family dynamic, estate planning attorneys like us, can help you devise arrangements that are ideal for your current situation. They can also help you update essential documents if your circumstances change.
Regardless of the size of your estate, you should consider the tax implications it may impose on beneficiaries. We can explain various strategies for reducing your loved ones’ tax burden in accordance with the law.
There are some documents that can accompany a will and actually go into effect before you pass. For example, a healthcare power of attorney grants someone else the authority to make important medical decisions on your behalf should you ever become incapacitated. Likewise, a financial power of attorney will allow a third party to manage your money in the event that you are unable to do so yourself. Since life is unpredictable, it can be wise to create both of these documents. Let our experienced team help you when drafting your will.
Why trust your entire lives efforts to a cookie cutter template. You need an affordable team with experience that will guide you each step of the way. Call us today to start the discussion.
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