Putting together a legally enforceable will is one of the most important things that you can do for yourself and your family. However, many people put off this step in their estate planning, especially if they are young, healthy, or have limited assets. But the truth is, everyone, no matter their age, income, or health status, can benefit from having these documents in place. Everyone’s situation is different, but here are some of the top reasons that you need to talk to an estate planning attorney in California, and get your will completed!
- You decide what happens to your estate
Without a personalized will in place, if you were to suddenly die, the default government process would take over. If you would rather make the decisions on where your money, property, and other assets go after you’re gone, don’t leave it up to the state- make a will!
- You can minimize estate taxes
When you can talk with an estate lawyer and draft a customized will, you may be able to shelter your surviving family from estate taxes. Instead, you can direct your money towards charities, investments, and family members, reducing the size of the taxable estate.
- You can speed up the probate process
The legal procedures surrounding someone’s death can be lengthy and complicated, but with an airtight will in place, probate can be smooth and quick. This document avoids delayed court deliberation on how to divide your estate.
- You can disinherit individuals who may otherwise inherit
According to default laws, certain family members may be next in line to inherit your estate, and having a will is the only way you can prevent them from doing so. A will gives you power to say who gets what, even if it goes against the typical outlines.
- You can have peace of mind
Whether you are old or young, it’s nice knowing that you have legal documents in place that spell out your wishes for your estate and your medical care. Wills can be modified while you are alive, so there’s no reason not to make one now. You, and your family members, will be able to rest easier knowing everything is taken care of.
Are you ready to learn more about the estate planning process and how to make a will that is concise and legally enforceable? Reach out to Thomas C. Tagliarini Attorney At Law today.