Why Do I Need a Will?

Whether you are married or not, have children or not, or have high assets or not, you should have a properly drafted and executed will.  Here are some reasons why you may decide that you need a will:

  • If you do not have a will, your estate will be distributed to your heirs in accordance with state law. Perhaps you would prefer your ex-spouse or estranged brother not be the beneficiaries of your estate.  If so, hen you need to create a will to specify your wishes.
  • If you do not have a will, your surviving spouse will share your estate with your children, including minor children. This could lead to a host of complicated scenarios and financial burdens on your family.
  • You can leave your estate to your spouse, or create a trust for your kids.
  • You can nominate who you would want to be guardian of your minor children. Without one, this would be determined by the court.
  • You can direct that the property left to your surviving spouse pass to your children – perhaps from a previous marriage – upon their passing. Without a will, this property will be distributed as your spouse decides.
  • You choose the executor of your estate, so that it can be distributed on your terms.
  • You can provide for gifts to charity from your estate.
  • You can structure an estate plan to reduce federal estate taxes.

If you need a will or other estate planning advice, call us at 470-947-2471 to speak with an attorney about how we can assist you.