Arizona Estate Planning Attorney
Because life can be demanding and stressful, an Arizona Estate Planning Attorney from the Citadel Law Firm, PLLC understands that it may often feel as though you don’t have time to plan for the future. Often, focusing on the here and now consumes your attention. However, you should make an effort to consider what will happen to your family and possessions after you die. You never know when this time will occur, so you should be ready to take care of your loved ones.
Drafting a will with help from an AZ Estate Planning Attorney can ensure your property and possessions are distributed the way you want. However, if you don’t have a will at the time of your death, the situation will be a lot murkier.
What a Will Provides
As your Estate Planning Attorney in AZ may tell you during a consultation, a will is a legally binding document that supersedes any verbal agreements or assumptions that family members or other people may have about our estate at your time of death. In this document, you can specify who gets what portion of your money and other assets. You will identify who will take possession of your home. You should also indicate what should happen with other items such as collections or antiques.
In your will, make sure you name who will be the guardians of your children (if you have any). If your children are dependents when you die, the will names who should care for them. The will prevents courts from deciding what happens with all of these belongings.
If you write a will, it can help prevent family arguments and divisions among loved ones. Because everything is clearly spelled out, there will be no doubt what is to become of different materials. In the absence of a will, children, grandchildren and siblings are left to fight over money, homes, cars and other valuables. Finalizing a will before your death can give you peace of mind that family members will respect your wishes. An Estate Planning Lawyer Gilbert, AZ residents depend on knows that the last thing you want is for your loved ones to fight in the midst of their grief.
Where It All Goes When There’s No Will
Without a will, you and your family members have no control over what becomes of your property, money, investments and other assets. Upon your death, in the absence of a will, your possessions will become what is known as intestate. As your Estate Planning Attorney from Arizona can explain further, this means that courts will have the legal authority to determine where these items should go. The court will most likely eventually appoint a family member to distribute your belongings. This could be an awkward, long process.
Avoid family drama and unnecessary stress. Create a will before you pass away so you can know that your possessions will go where you want them. Contact an Arizona estate planning attorney from the Citadel Law Firm, PLLC today.