The Importance Of Making Valid Wills
Wills are essential legal instruments used to determine the distribution of a decedent's estate. Thus, people should ensure they have valid wills, stipulating how to share their wealth. Usually, people who die without valid wills subject their estates to the intestacy process, allowing state courts to determine their distribution. Having a valid will ensures that you maintain control of your estate's distribution after your death. Furthermore, those who die without valid wills usually put their families through long, arduous, and contentious probate proceedings, whereas making a will is easy. However, people should consult professionals, such as will attorneys and estate planning lawyers, to ensure the wills are valid and conform to the general succession state laws. Below are a few reasons you should consult attorneys to make a valid will.
Selecting Appropriate Beneficiaries
Typically, people work hard during their lifetime to ensure their loved ones are provided for and protected after they die. Planning wills allow individuals to select specific beneficiaries that shall inherit their estate. Individuals should make wills because dying without one triggers the intestacy process. Intestacy usually adopts a strict approach that may exclude some beneficiaries who should have been included in the will. As such, people should consult their attorneys and make valid wills to elect their beneficiaries and safeguard their interests.
Avoid Inheritance Disputes
Wills are important because they help prevent inheritance disputes. They allow people to identify their beneficiaries and allocate various property, money, and assets. Will attorneys ensure that their clients' wishes are clear on how they would like the estate to be distributed. This reduces inheritance disputes when beneficiaries move to court to fight for the deceased's property. Moreover, will attorneys ensure that clients meet the legal requirements of a valid will to prevent people challenging the will's validity.
To Appoint an Executor
Individuals are allowed to appoint an executor in a will. Executors are responsible for carrying out the decedent's wishes as captured in the will. A court-appointed administrator usually distributes the decedent's property if they did not leave a will. It would help if you appointed a trusted executor who understands your wishes. This ensures that people's wills are executed as intended.
Appointing Legal Guardianship
Wills are important because they allow parents with minors to appoint their legal guardians. Guardianship is necessary when parents cannot provide care to their children long-term because of death, incapacitation, or illness. This is crucial because it ensures that children are well-cared for if the parent suffers an untimely demise. Parents can also provide for their children through a trust to safeguard their futures. Thus, will attorneys also help people when naming legal guardians for their minors.
For more information, contact a law firm in your area, such as Wright Law Offices, PLLC.