Prepare for the Next Generation
You may ask yourself, “Why do I need a will?” Let the experts at Wilson C. Pasley PLC, Attorney at Law, in Roanoke, VA, answer that question for you. Drafting and finalizing a will can seem like a challenging task if you don’t know where to start. A will can serve as legal and final documentation in a variety of situations. Writing a will with the help of an experienced attorney can bring you and your family peace of mind. In this month’s blog, we’ll take a look at some of the benefits of having a will and how early preparation can bring peace to you and your family.
What Should I Put in My Will?
The main purpose of a will is to have a legally-binding document that determines how you would like your estate divided upon your death. You may elect to divide any of your assets to your children, spouse, business, or other entity. If you have investments in the stock market, a will determines who receives them. A will may also give rights or ownership to property like real estate, cars, boats, and bank accounts. Most wills separate high-value items and assets among beneficiaries, while others make note to divide every item a person might own.
Wills Are More than Just Dividing Your Estate
Looking out for the future of your children is a high priority when it comes to planning out your will. If your children are still minors, keeping them in mind is of the utmost concern for any parent. Your will can assign legal guardianship of your children to whomever you choose. In the case that you do not have a will or it does not contain statements regarding your minor children, the court system of the state in which you live will have that power.
Having a will allows you to appoint the person you want to raise your children. If the unfortunate circumstance of personal injury or severe sickness would leave you unable to communicate, your will would allow someone to speak on your behalf. This type of document is called a living will. Living wills are mostly for guidance on medical care and financial decisions and giving someone you trust the power to make those choices for you.
Prepare Your Will with a Trusted, Knowledgeable Attorney
Creating estate planning documents early is especially useful if you are dealing with complicated family situations. At Wilson C. Pasley, PLC, Attorney at Law, we know how to draft those documents in a way to anticipate those problems. If you are looking for estate planning services in Roanoke or Salem, VA, we have you covered. We can formulate a number of estate planning documents designed to help you and your family in the future. Call us today.
For more information on creating wills, give Wilson C. Pasley PLC a call at (540) 266-1545. Like us on Facebook to stay up-to-date with the latest news and information. We are happy to discuss more information and answer the question, “Why do I need a will?”
