Death is not something that we like to think about. After all, very few of us are rushing to meet the grim reaper. But, considering that death is inevitable, it’s something that we need to prepare for. Death can come to any of us at any time. So, it’s essential to get your affairs in order now.
Even if you have a small estate, it’s crucial to have a will in place. Not having a will complicates matters when it’s time to wrap up the estate, a burden that you don’t want to place on your family.
But that’s not what this post is about. In this post, we’re going to look at whether you should consult a legal professional when drafting your will or not.
What is a Will?
A will is a legal document that tells your executor how to divide up your estate. You can make the disposition of assets as simple or complicated as you like. Say, for example, that you have three kids. You have a few options with your will:
- You could opt for a three-way split of your assets.
- You could ask the executor to create trusts for the children.
- Some people make a list of gifts rather than a straight split of assets.
If your children are still minors, your will can tell the family who you want to care for your kids.
What Are Will Lawyers?
A will lawyer is someone who specializes in drafting wills, estate planning, and probate law. You can buy a blank will document online. That’s perfect if you have a straightforward estate with few beneficiaries.
Not all estates are simple. If you have a high-value estate, or kids, it’s better to consult a will lawyer. They will help you navigate the red tape that surrounds the creation of the will. They’ll ensure that your intention is clear and that there is no ambiguity or wiggle room.
They are also well-versed in the regulations related to the creation of a legal will.
Benefits of Having Will Lawyers
When it comes to document this important, you need the right legal advice. Let’s look over the benefits of hiring a lawyer.
They Navigate Confusing Red Tape
The law in the United States is complicated. Your lawyer is well-versed in the law and the implications for your estate. They’ll ensure that your will meets all statutory requirements.
Creating an Ironclad Will
You might think that you have the perfect family and that they’ll divide your estate fairly. Unfortunately, experience shows that money trumps family bonds at times. Relatives may fight over the assets. Your lawyer will create an ironclad will that the courts can’t easily overturn.
Morally Ambiguous Bequests
They can advise you on how the law might view your testamentary bequests. Say, for example, you want to leave your estate to your son on condition that he divorces his wife. A court is likely to decide that this is morally ambiguous and so overturn the will.
Not all will lawyers offer this service, but many do. They’ll be able to advise you on how to structure your assets to minimize death duties. They’ll also be able to help you set up inter vivos or testamentary trusts to secure assets for minor beneficiaries.
A good lawyer can craft the perfect will for you. They’ll highlight potential issues that could come up and advise you accordingly. They’ll create a document that leaves no room for interpretation.
Choosing a professional to draft your will is the smart move. It’s the best way to ensure that your beneficiaries carry out your wishes after your death.
A well-crafted will can speed up probate and help your family avoid conflict at a challenging time. Check out Willcraft Estate Planning for more details.