How Is Your Will Looking?
So how is your Will looking? Do you even have a Will? When was the last time you looked at your Will? Or updated your Will for that matter? All of these are fundamental questions that you have to ask yourself. You might think that you’re pretty young. You’re in your early 40’s and putting a Will together is the last thing you think about. Keep a few things in mind here; you have a considerable estate. You’ve spent the majority of your adult life working hard to build a comfortable life. Also, bear in mind, you could die in an auto accident, from a random illness, or some other unforeseen event. At which point if you do not have a Will and you have no say or control as to what’s going to become of your estate.
The Importance of Having and Updating Your Will
Hopefully, it’s clear, the importance of having a Will even in your younger years. You have no idea what the future holds. At the same time, you don’t want your estate to go into disarray. You want to make sure that your final wishes are seen through. So, don’t look at this as you have plenty of time left, look at it as being part of building your estate which you’ve done for the past 20 years. Another important aspect is to make sure your Will is updated. Say you created a will 10, 15, or 20 years ago. Have you updated it since then? Shirley your estate has expanded during this period. If you have not updated your Will, then the additions to your estate are not going to be covered in your Will. This is problematic.
Estate Planning Attorney in Wylie, Texas
Hopefully, this article has made it clear how important it is to create a Will, no matter your age, and to update the Will. Of course, creating a Will can be a complicated process. You have to make sure that it is legally binding for one, and that all bases are truly covered. In order to ensure that you have an excellent legal binding Will that will see that your estate is divided as you see fit, you should have a law team working with you this specializes in Estate Planning. Edmondson Law located in Wylie, Texas has an expert team of attorneys that specialize in Estate Planning and will be able to help you create a thorough Will.
Information, Not Legal Advice. We provide the information on this website as a public service. The legal landscape is constantly changing and being modified by state law and case law. As a result, we cannot promise that this information is always up-to-date and reflective of the most current jurisprudence.
We do not intend this information to be legal advice. By providing this information, we are not acting as your lawyer. If you need legal advice, you should contact a lawyer through our number (972) 442-8326 or contact another attorney of your choosing.