There’s no such thing as a simple will
These were some of the first words said to me when I started estate planning. And so far, it turns out to be true. Just as there are many options for what you can do with a will, there are many pitfalls that can make a will unenforceable if not avoided.
What is a Will?
A will determines what will happen to your property after you die. It must be drafted and executed to very specific standards. Without a will, your property will be distributed according to the intestacy statutes, where strangers will determine who gets your property when you die. A well-crafted will can make sure that your desires are met for your estate.
What Does a Will Do?
A well-crafted will should address four key areas
distribute
property
designate guardians for minor children
name a personal representative
establish
trusts
Wills Require Careful Drafting
If your will is poorly drafted, then there can be consequences for your loved ones. Wills must also be approved by the Court in Probate. If your will doesn't meet the strict standards of the Court, then it may be deemed void. Your assets may go to the wrong person; even to an ex-spouse if you're not careful. Even minor ambiguities may invalidate part or all of the will. When properly crafted and executed, a will is a powerful tool for managing your estate when you die. Here at Signature Law, we work with you to properly draft your will — ensuring your legacy is passed down according to your wishes.
“I came to Greg for end of life wishes and estate planning. Greg asked a number of questions about my estate size, family, and dependents to determine what was best for me. He was very helpful and his guidance helped me to decide on the right documents for me. Greg drafted and submitted a will, a trust for my house and a health care directive. I was very satisfied with the entire process, and would certainly recommend his services.”
Let’s Start Drafting Your Will Together
At Signature Law, we strive to make sure that your will fulfills your final wishes in how you want your legacy to be. A carefully crafted will can make sure this happens. If you would like to discuss how a will can be the cornerstone of your estate, then we’re ready to help. Simply schedule a free consultation where we’ll discuss our process for getting started and answer any of your questions.
