Los Angeles Wills Lawyer
Wills are an important part of the estate planning process, and while it is just one part of a larger picture, it is imperative that you consider creating a will. Many people do not like to think ahead to the time of their death, but the fact of the matter is that having a will in place will ease the burden on your family members and loved ones at the time of your death. Dealing with the distribution of assets can be stressful and time consuming, but creating a will provides structure and (hopefully) clear guidelines to the process.
Why You Need A Will
There are many reasons why you should create a will. Wills enable you to name beneficiaries to receive your assets after you pass; they more easily allow for the distribution of jewelry, money, and other assets because of the specifications listed in the document. You can also name people you wish to be a guardian for your children, should they still be underage at the time of your death; this holds up when the child(ren)’s other parent is deceased or otherwise entirely out of the picture. Finally, you can also name an executor for your deeds; the executor helps carry out your will and distributes your assets as you have specified in your will.
What Happens To Assets If There Is No Will
If you do not have a will, the court will automatically distribute your assets to blood relatives, if they are known. While this is better than your family not getting anything, the process can cause many headaches and arguing amongst your family, and there is no guarantee that the estate will be distributed as you would have wanted it. The court also will not taking into account your friends or other people closest to you, nor will they give anything to charities or groups that you may have been fond of.
Settling wills and other estate matters can take time, but making sure that as much is in order as possible before your passing helps ease the hardships that your family may face. If you have questions about creating a will or the other benefits of having one, schedule a free consultation with the Law Office of Anne Dowden Saxton today.