While none of us really like to think about the time when we might need a will, the fact of the matter is that your last will and testament is an important document to have, especially for those you leave behind! Here at Meadows & Aderhold, P.A., we handle these types of documents on a regular basis and would like to answer some of our frequently asked questions (FAQs) in order to assist you further.
- Do I really need a last will and testament? This depends on what you want to happen to your assets after you die. If you have no assets, are single and without children, then you do not necessarily need a will. However, married people, those with children and those who want their assets distributed in a certain way absolutely need a will.
- Can I write my own last will and testament? Yes, but it’s not recommended and only legally binding in about half of the United States. Furthermore, even a handwritten will needs to meet certain qualifications in order to be binding in those states.
- What would happen if I were to pass without a will? The state would determine who would get your property and assets, often starting with the closest living relative. This situation can lead to court costs and fees, which eat up portions of your estate.
- Can I make changes to my will or negate it? Absolutely! While a will is binding, it doesn’t have to be written in stone. Our expert attorneys are available to help you any time you would like to make changes or to have a new will and testament drawn up.
To learn more about a last will and testament, please take the time to meet with one of our attorneys.