The foundation of any estate plan is a Last Will and Testament. Even if you do not add any additional components to your plan, your Will is essential. If you do add additional components, your Will is the starting point for your overall plan. Clearly, a properly drafted and executed Will is essential. For this reason it is critical that you work with an attorney to create a Will in Quad Cities. At Nash, Nash, Bean, & Ford, LLC we can work with you to ensure that your Last Will and Testament reflects your wishes and that the document is properly drafted to ensure that those wishes will be honored when the time comes.
A Will is a legal document that allows the testator (the person making the Will) to designate who will receive his or her assets upon death. In essence, a Will is a roadmap for your assets when you die. If you have a minor child, a Will allows you to do something else of even greater importance – nominate a guardian for your child should one be needed at some point in the future. In summary, your Will dictates what will happen to your assets and potentially your child when you die – likely making it the most important legal document you will ever create in your lifetime. Given this, doesn’t it make sense to work with an experienced estate planning attorney when you create and execute your Will?
In the 21st century it is certainly possible to find a generic Last Will and Testament form on the internet for a small fee. People often make the mistake of believing they can save a few dollars by using one of these forms. Although you, as the testator, will not be around to find out how costly this mistake can be, your family and loved ones will be.
Generic, fill-in-the-blank, Will forms often cause far more problems than they solve. Wills, trusts and estate matters are governed by state laws, meaning the laws are different from one state to the next. Unfortunately, many of these forms do not take into account the specific state centered legal issues that could impact a Will. Moreover, these forms are frequently outdated. Laws are subject to change – and often do change. A simple change in the law may require a corresponding change in your Will. If you are working with an outdated version of the law to begin with your Will is doomed from the start not to function properly when the time comes.
If your Will is invalidated for any reason, the state intestate succession laws will have to be used to probate your estate, meaning none of your wishes will be honored. Given what is riding on the accuracy and validity of your Last Will and Testament, doesn’t make sense to work with an experienced estate planning attorney when you create and execute your Will?
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