Creating a will ensures that your loved ones, family, and charity organizations are provided for after you pass on. If you do not have a plan, your estate may be subjected to intestate succession, meaning that you won’t have a say in how your assets are distributed. So taking the time now to implement a will or trust reduces the chances of the people closest to you having to deal with disputes, delays, or other unnecessary expenses after your departure. Our Kalispell, MT wills lawyers are ready to help you create a plan that meets your needs and wishes. If you have yet to devise an estate plan, now is the time to begin. If you delay too long, you risk your assets being handled by the court in a manner you would not have wanted. Contact Silverman Law Office, PLLC today for further assistance.
Understanding What Wills Do
A will is a legal document that describes how your assets and properties will get divided after your passing. It details the testator’s family life circumstances and names an executor to manage the estate once you are gone. In the will, you must choose how your assets and property will be divided between heirs. You can name loved ones, friends, family members, and organizations you want to provide a charitable donation to. If you have children who are of minor age, you can appoint a guardian to care for them just in case. A living will is an estate planning document that specifies how you want to be cared for when reaching the end of life. Both your will and living will are essential documents that can be utilized to clarify final wishes.
Choosing Beneficiaries
Beneficiaries are people and/or charity organizations that you want to have a portion of your assets after passing away. These can be friends, relatives, and anyone else that has had an impact on your life. As our dedicated wills attorney may forewarn, if you do not have an estate plan that lists your beneficiaries and which assets they are to receive, then you risk the court system doing this for you. The court is not likely to take into consideration family nuances or those outside of your immediate family when distributing assets. In fact, the court is required to handle your estate based on intestate law. If you would prefer to not have the court manage your estate, then now is the time to start on your estate plan.
Silverman Law Office, PLLC
Having a will and other estate plan documents can provide relief now for how the future of your assets will be handled later on. At Silverman Law Office, PLLC, you can trust our team to have your best interests in mind and help you create a plan that expresses your wishes after passing away. If you would like to speak with our MT wills attorneys about devising a comprehensive estate plan, we are ready to help. We hope to hear from you when you are ready to begin!
