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:
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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.
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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.
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You can leave your estate to your spouse, or create a trust for your kids.
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You can nominate who you would want to be guardian of your minor children. Without one, this would be determined by the court.
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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.
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You choose the executor of your estate, so that it can be distributed on your terms.
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You can provide for gifts to charity from your estate.
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You can structure an estate plan to reduce federal estate taxes.
If you need a will or other estate planning advice, call us at 770-609-1247 to speak with an attorney about how we can assist you.
