A will is a written legal document that states your wishes after you pass away. It typically outlines how your assets are distributed and identifies who will be the administrator of your estate.
The lawyers at Craig, Terrill, Hamm, Grossman & Erwin, LLP can help you accomplish sound financial arrangements through a comprehensive estate plan. But why do you need to have a will? A will can ease the burden on your loved ones at a difficult time and help to ensure your assets are handled according to your wishes including:
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A Will Allows You to Elect Someone to Handle Your Affairs
The will names an executor or executrix who is responsible for inventorying your assets and property, making sure any debts or taxes are paid, dispersing your assets according to the will, and guiding your estate through probate court. Without a will, a court appoints someone to administer your estate, and that person may not be someone you would choose.
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A Will Ensures Your Assets Are Left to the People You Choose
A will is the best way to ensure that your assets are left to the heirs you intend to leave them to. Without a will, your estate is subject to state laws of “intestacy” which means the people you would like to inherit may receive little or nothing, while others with whom you’re not as close receive the bulk.
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A Will Can Plan for Personal Matters
Without a will, your relatives will have to guess what you would have wanted to do with your assets and even your funeral. From burial arrangements to pet care, a will can dictate what type of services, if any, you would like, and other personal matters.
Contact CTHG&E Today for Guidance on Will Preparation!
If you want to learn more about the advantages of writing a will and testament, our probate and estate planning attorneys at Craig, Terrill, Hamm, Grossman & Erwin, LLP, can help you. Aside from preparing a will, we also provide other estate planning services such as formation and administration of trusts, creation of power of attorney and directive to physicians. Call us now at 806-744-3232 to schedule an appointment with our lawyers.
