Having a will is one of the most important ways for you to outline what is key for you in your estate plan. You can use a will for multiple purposes in estate planning, such as naming a guardian for a minor child and distributing your property.
Skipping a will could be a big mistake especially if your state’s intestate succession laws do not align with how you would have transferred your own property. Check out your state’s rules to determine which pieces of your probated estate may be passed on to loved ones. Two thirds of people do not have a will, which means that if they were to pass away, their estate would pass specifically through various state laws with intestate succession. This can generate many different questions for your loved ones and there is no changing it after the fact.
Creating a will doesn’t have to be a complicated process. Working with the right estate planning lawyer near you gives you the opportunity to discuss your assets and liabilities and which of these are associated with your probate estate. From there, an attorney can help you name specific assets or more general portions of your estate that should be given to particular people.
When you have a valid will in place, it makes it much easier to transfer your assets to your loved ones in accordance with your individual wishes. Work with a NH estate planner to help begin this process and address all the most important needs in your plan.