Personal Injury Lawyer
A will is a legal document that outlines who gets your assets after you die. There are many myths about wills. We’re here to combat your arguments.
I Can Just Tell My Family What To Do or Create My Own Will.
Many people think they can write out their own will or just give verbal instructions. Crafting your own will can be fine, but if it doesn’t hold up to legal standards, you’ve just wasted your time. Giving your family instructions is fine, too. There’s no guarantee that your family will abide by your wishes. Having a legally binding will ensures your wishes are carried out.
There Will Be a Reading of the Will.
The reading of the will is a plot device for movies and books. It’s rare that you’ll find a reading of the will in real life. Your family can read the will if they choose, but anyone who wants to go to probate court can look up the information. A reading of the will was important in days past when information was hard to access. The funeral might be the only time distant relatives visited. Today, there are more avenues.
Only Old or Wealthy People Need a Will.
Tomorrow isn’t guaranteed for anyone, regardless of age. It’s not fair, but it’s true. You should have an estate plan, whether you’re 22 or 82. Sure, your estate plan at 22 will be widely different than that of an older person, but you still have possession that will need to be dealt with upon your death. If you’re living with a domestic partner, that person may not inherit anything unless you have a will.
I’ll Just Let The Government Take Everything.
Dying without a will doesn’t automatically give the government your belongings. The court must still abide by state laws that determine who inherits. Laws of intestate succession predetermine who gets your property. Generally speaking, the order is spouse, children, parents, siblings, aunts and uncles, and nieces and nephews.
I Can’t Be Bothered With Making an Estate Plan.
A lot of people think that creating an estate plan will just make more problems. It’s too time-consuming and costs too much. If you don’t spend time on your estate plan and will, it’s your loved ones who will pay. Probate court will determine how your estate is divided. You will probably have to give an executor a fee for managing your estate. It can take time to get the inheritance, as it must go through a process.