Last Will & Testament

Why You Need a Will

1. Ensure Your Assets Are Distributed According to Your Wishes

A last will and testament ensures your real estate, bank accounts, investments, and personal belongings are distributed the way you intend. Without one, your estate is divided by state intestacy laws, which may not reflect your true wishes.

2. Appoint a Guardian for Minor Children

If you have minor children, your final will and testament allows you to name a trusted guardian. This is crucial to avoid court intervention and ensure your children are cared for by someone you choose.

3. Minimize Family Disputes

Clear instructions in your wills and testaments can prevent family conflicts and legal disputes. A properly drafted last will helps reduce misunderstandings, stress, and resentment among heirs.

4. Appoint an Executor to Manage Your Estate

A will allows you to designate an executor, a trusted individual responsible for managing your estate, paying debts, handing taxes, and ensuring that your wishes are carried out efficiently. Without a designated executor, the court will appoint someone, which may not align with your intentions.

5. Protect Unmarried Partners and Non-Biological Family Members

Your last will and testament lets you provide for non-traditional family members, close friends, or charities that would otherwise be excluded under intestacy laws.

6. Facilitate a Smooth Probate Process

Though a will doesn’t avoid probate, it simplifies the process. A clear and legal final will and testament reduces delays, minimizes legal expenses, and helps your loved ones navigate the process more easily.

7. Reduce Estate Taxes

With proper estate planning, including a last will, you can lower estate taxes and legal fees—leaving more of your estate to your beneficiaries.

What Happens if you Die without a Will?

If you die without a last will and testament, you are considered to have died intestate. In this case:

• The court decides how your assets are distributed-this could result in unintended beneficiaries inheriting your estate.
• A judge determines guardianship for your minor children, which may not reflect your preferred choice.
• Your estate may go through a lengthy and costly probate process, creating additional stress for your family.
• Unmarried partners, close friends, and charitable causes you supported may receive nothing.

Let Farrar & Williams, PLLC Help You Plan for the Future

At Farrar & Williams, PLLC, we understand the importance of creating a comprehensive and legally sound will. Our experienced estate planning attorneys will guide you through the process, ensuring that your assets, loved ones, and legacy are protected according to your wishes.

Start Planning Today

Don't leave the future of your estate to chance. Contact Farrar & William PLLC today to schedule a consultation and start planning for the security and well-being of your family.