Why is a will so important?

The most significant legal document a person can create during their lifetime is likely a will. A will outlines your intentions for your belongings after your passing and names guardians for minor children. To begin the estate planning process, everyone should think about speaking with an attorney. When a person passes away intestate (without a will), the distribution of their estate is left up to state law. Additionally, dying intestate exposes one’s family to the ambiguity of the legal system and the potential for conflict.

A will should be used to choose a personal representative as well. A person designated to carry out the will is known as the personal representative. This person will see to it that all wills are followed after death. The duties of this position include, but are not limited to, submitting the will for probate, meeting all financial obligations of the estate, safeguarding assets until distribution, and allocating assets at the proper time.