What Is a Will?
Generally speaking, a will is a legal document that coordinates the distribution of your assets after your death and can appoint guardians for any of your children who are minors. A will is important to have, because it allows you to communicate your wishes clearly and precisely. It is advisable to work closely with an attorney to create and update your will.
When you don’t have a will
Without a will, the state of Virginia (or wherever you live) decides how to distribute your assets to your beneficiaries according to its laws. This is known as dying intestate, and the resulting settlement process may not produce the results that you would like to see for your survivors. You can prevent this from happening by having documents drafted that reflect your wishes and having those documents meet all of the necessary formalities.
A will generally includes:
· Designation of an executor, who carries out the provisions of the will.
· Beneficiaries—those who are inheriting the assets.
· Instructions for how and when the beneficiaries will receive the assets.
· Guardians for any minor children.
If you have a simple and small estate, we can help create a Last Will and Testament that will put your mind at ease and eliminate any possibility of disputes by your family.