Drafting a Will involves legal knowledge and the making of decisions requiring the experienced professional judgment of an attorney. Only a practicing attorney can avoid numerous pitfalls and can advise you of the best course for your personal situation.
- If you do not have a valid Will at the time of death, your property may not be distributed in accordance with your wishes.
- Every adult should have a properly prepared Will kept in a safe place.
- A Will does not increase estate expenses and frequently reduces them.
- A Will can minimize estate and income taxes.
- Homemade Wills are extremely problematic and are frequently the subject of lawsuits.
- Life insurance and joint property are not substitutes for a Will.
- Do NOT execute, alter, amend, or change a Will, except under the direction of an attorney. If you do not have an attorney to advise you as to your Will and your estate planning, contact us and we can refer you to someone who is reasonable and competent.