Do you really need a will?

Do You Really Need A Will?

 

The answer is yes! And the why is just as important.

But first, let us backtrack a moment.

How would we at Grimaldi Law know so quickly that you need a will without knowing your background, financial history or family status? This answer is just as short – because everyone does.

If you own property, own a business, have a bank account, have a child or even just own a pet, a will is something you definitely need.

Now that we have determined everyone needs a will, let us discuss why it is so essential.

A will is a legal document that can do many things like distribute your property, name guardians for your children, and create trusts for them.

It will also let you determine who gets your assets instead of allowing your state’s laws to take over. If you die without a will, intestate succession laws will determine who gets your assets with priority going to your spouse and children first. Many people also would like to leave a gift to a close friend, neighbor or charity and this will only happen if you state it directly in your will.

This legal document will name an personal representative of your estate who needs to be someone organized and who will be in charge of finalizing all your affairs including paying off debt, contacting your bank and distributing your assets per your wishes. A will also helps prevent any internal family conflict, because all your wishes will be clearly stated. Your love for your family and your trusted relationships with them shouldn’t be tainted or dissolved because of your passing.

A will is something no one wants to think about and that is why it is vital to take care of it sooner rather than later. One of the requirements for a will to be valid is that you must be of sound mind. This means you must be able to acknowledge that what you are proposing in your will determines who will inherit your property when you pass. 

Tomorrow is not a guarantee and so to ensure your loved ones will be taken care of in the future, we invite you to make an appointment to meet with our team at Grimaldi Law and discuss the estate planning process. Live in the present and plan for the future now.

About the Author:  Melinda Grimaldi is an attorney in Hollywood, Florida, whose practice is concentrated in the areas of commercial and residential real estate and estate planning law.  She can be reached at (954) 491-8707 or melinda@grimaldi-law.com

Special Note

The information on this blog is of a general nature and is not intended to answer any individual’s legal questions. Do not rely on information presented herein to address your individual legal concerns. If you have a legal question about your individual facts and circumstances, you should consult an experienced real estate attorney. Your receipt of information from this website or blog does not create an attorney-client relationship and the legal privileges inherent therein.