End-of-life planning may not be your favorite thing to think about, but it is a necessary part of life if you want to ensure that your estate is settled according to your wishes. Beyond that, planning for your passing can help to alleviate a lot of stress that can be placed upon loved ones left behind.
While there are plenty of things you can do to properly plan for your passing, having a will is one of the most important. If you haven’t considered having a will drafted before, consider the following three benefits:
1. A Will Keeps Your Estate Out of Probate
Probate is the legal process of examining a decedent’s estate upon death. The probate process is handled by the courts and may involve a judge deciding what happens to your property and accounts after death.
This process can be difficult and lengthy. Additionally, it has the potential to put into process actions that were not intended by the decedent or that do not align with the decedent’s wishes.
2. A Will Reduces the Chances for Legal Action
Having a will means that everything about your estate, assets, and accounts is spelled out legally. This reduces the chances for legal action should someone challenge the distribution of assets after your passing.
To ensure that your will is drafted with the proper terminology, you’ll want to partner with a wills lawyer in your area as different states have different laws. For example, if you live in Manhattan, you’ll want to look for a wills lawyer NYC residents trust to handle these matters. A wills lawyer NYC residents turn to for drafting and representation can provide guidance related to the various laws that pertain to your situation in New York State.
3. A Will Protects Your Heirs
In some cases, the assets of a decedent can come under claim by entities that are not entitled to such assets. If these assets have been passed on to an heir, the claimant may try to legally pursue action against the heir.
Having a will can reduce the potential for heirs to face such legal challenges. Once again, having a wills attorney on your side is a big benefit in such situations.
Author Resource:-
Mark writes often about estate planning. His articles may include topics like real estate closing attorney and business succession laws to help the people in needs. You can find his thoughts at real estate law blog.
