Despite the fact that a Will can offer various protections and make life remarkably simpler for loved ones in case of an unexpected death, many people fail to ensure that they have this type of legal protection in place. Regardless of your age or income levels, experts recommend that everyone have a Will. This is a relatively simple way to both protect your loved ones and maintain control over your assets.
If you do not have a Will, you would be prudent to have one drafted as soon as possible. This is not something reserved only for the rich and famous, but is a smart step for every Pennsylvania adult.
The benefits of a Will
Many people think that you must earn a certain amount of money to really need an estate plan. This is a common, yet incorrect, assumption. It does not matter the age, income level or wealth of a person; any adult may benefit from the following by having a Will:
- Allows person to dictate distribution of assets after his or her death
- Informs loved ones of wishes regarding sensitive and important matters
- Dictates wishes regarding care of any minor children
Simply telling someone what you want to happen in case of your unexpected death is not enough. Verbal Wills or Wills drafted informally are not legally enforceable and could ultimately result in complications, issues and disputes over your estate.
Who needs a Will?
Everyone needs a Will. Wills differ in intricacy and objective and should match the complexity of the individual estate. As there is no cookie-cutter estate plan, you may benefit from the fact that your Will can be carefully and individually crafted to meet your unique needs. No matter how much or how little you have, you deserve to say what will happen to your assets after your death.
All of your estate planning needs
Having an estate plan in place is a prudent decision for every adult. While many people only need a simple Will, others may need more tools to complete a secure and strong estate plan, such as establishing a trust, power of attorney and more.
If you do not have a Will or wonder if you could benefit from additions to an existing plan, you would be wise to find out how you can protect both yourself and the interests of your loved ones.
To schedule a legal consultation, please call our office (610) 866-9529 or complete this online form https://www.gardnerlawyers.com/contact-us/