Friday, February 4, 2022

5 Reasons to Meet With an Attorney to Write Your Will

Many people put it off writing a will until it's too late. This is often because they don't know where to start or think they don't have enough assets to warrant meeting with an attorney. 

However, there are many reasons why you should meet with a will attorney sooner rather than later. This blog post will discuss five of the most important reasons.

What Is a Will?

A will is a legal document that designates who gets your property after you die and how you want your property distributed. If you do not make provisions in your will for someone else to receive your property, your property goes through probate.

Protects Your Interest

The first reason you should meet with an attorney to write your will is to protect yourself. You may be surprised by what happens if you die without making any provision for someone else to inherit your property.

Keeps Your Family Together

Another reason why you should meet an attorney to write your will is so that you can keep your family together. So many families get separated because one person dies, leaving behind no will. 

Without a will, the deceased person's spouse (or other relatives) could end up getting nothing from the deceased person's estate. Having a will written up ensures that everyone gets what they deserve.

Helps You Avoid Probate

Probate is the process whereby your property passes through court proceedings before being given to the rightful owner. It takes time and costs money. Therefore, if you have made adequate provisions in your will, you can skip the probate process altogether.

Saves on Taxes

Another reason you should meet a lawyer to write your will is to save on taxes. If you don't have a will, the government has to go through the probate process to determine who inherits your property. They also have to pay out all of the inheritance tax owed. A properly drafted will avoid these problems.

It Provides Guidance on Inheritance

When you create a will, you can designate exactly how much each beneficiary will get upon your death. So, for example, if you name your children as beneficiaries but only give them $10,000 worth of inheritance, then the rest of your property would go to your spouse.

When writing a will, you need to remember that it is better to plan than to regret it. So, if you haven't already met with an attorney to draft your will, now is the perfect time to schedule an appointment with a will attorney.

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