The Benefits of Not Waiting To Have an Attorney Prepare Your Will

When you think of a will, you might envision an elderly person sitting with their lawyer, discussing their estate and the distribution of their assets. However, in reality, it's never too early to start planning for your future and protecting your assets.

Many people put off creating a will because they believe it's unnecessary or because they're afraid to confront their mortality. However, by waiting to have an attorney prepare your will, you're putting yourself and your loved ones at risk.

In this blog post, we'll discuss the benefits of not waiting to have an attorney prepare your will and why it's essential to start thinking about your estate planning now.

Peace of Mind

One of the most significant benefits of having an attorney prepare your will is the peace of mind it brings. By creating a will, you can choose who will receive your assets after your death, how much they will receive, and when they will receive it.

With no will in place, your assets will be distributed based on state law, which may not align with your wishes. With proper planning, you can ensure that your wishes will be executed and your loved ones will be provided for. 

Protection for Your Loved Ones

Another benefit of creating a will is the protection it provides for your loved ones. For example, if you have young children, you can name a guardian in your will to take care of them in the event of your death. You can also set up a trust to provide for their financial needs until they reach a certain age.

When you plan ahead, you can ensure that your children are protected and taken care of, even if you're not there to do it yourself. Without a will, the court will decide who will take care of your children and manage their inheritance.

Avoiding Probate

Probate is the legal process by which a deceased person's assets are distributed according to their will or state law. Probate can be a lengthy and expensive process, and it can tie up your assets for months or even years.

By having an attorney prepare your will, you can ensure that your estate is distributed outside of probate, saving your loved ones time and money.

Avoiding Family Disputes

Another benefit of creating a will is that it can help avoid family disputes. Without a valid will, state law determines how your assets are distributed, which may not align with your family's wishes. This can lead to legal disputes and family battles, which can be costly and time-consuming.

By creating a will, you can ensure that your wishes are followed, and your family can be united during a difficult time.

Flexibility

One common misconception about creating a will is that it's a rigid document that can't be changed. However, a will can be updated and revised throughout your life as your circumstances change. For example, if you get married or divorced, have more children, or acquire more assets, you can update your will to reflect these changes.

Creating a will is not something most people look forward to, but it's an essential step in protecting your assets and your loved ones. By waiting to have an attorney prepare your will, you're putting yourself and your family at risk. However, by planning, you can ensure that your wishes are carried out, your loved ones are protected, and your assets are distributed according to your wishes.

Take the first step and consult with us at John D. Wieser Esq., PC to create a will today. Your future self and your loved ones will thank you for it.