Will & Estate Basics
Will & Estate Basics
You’ve heard that if you do nothing else to take care of your legal affairs, you should write a will, and it’s pretty good advice. If you don’t make a will before your death, state law will determine who gets your property and a judge may decide who will raise your children (and either or both may not be whom you would have chosen). Writing such an important document can be daunting, but it doesn’t need to be.
If all you need is a basic will, you can confidently use a good self-help book or software to make a legally binding will that:
leaves your property to the people and organizations you choose
names a guardian to care for your minor children if you can’t
names someone to manage property you leave to minor children (yours or someone else’s), and
names your executor, the person with authority to make sure that the terms of your will are carried out.
When a Basic Will Is Enough
By and large, if you are under age 50 and don’t expect to leave assets valuable enough to be subject to estate taxes, you can probably get by with only a basic will. But as you grow older and acquire more property, you may want to engage in more sophisticated planning.
You can contact Paul Post at 785.273.1353 or complete form for a free consultation.
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