Basic Components of a Will

Estate planning is an essential part of planning for your future. While most people avoid thinking about death and what will happen to their estate thereafter, the reality is that this type of planning is necessary for everyone. Speaking to an attorney who specializes in estate planning, wills, and trusts is critical as you prepare your will to adhere to your personal needs as well as the law. An estate plan aims to preserve the maximum amount of wealth possible for the intended beneficiaries and flexibility for the individual prior to death. Proper estate planning will avoid the chaos and wasted assets of an unplanned estate, enhance your sense of security, and provide a dimension or personal well-being to your loved ones.

As a legally-binding document, a will should be created with the utmost care and attention to detail. As such, you should think long and hard about the components within the will as well as the legal representative who you would like to carry out your wishes. The following are the most basic components of a will:

  • Title
  • Declaration
  • Executor Name
  • Guardian for Minor Children
  • Beneficiaries Details
  • Assets Details
  • Bequests
  • Funeral Plans
  • Signatures
  • Codicil

Wills and trusts are common ways in which individuals dispose of their wealth and protect their loved ones. Trusts, unlike wills, have the benefit of avoiding probate, a lengthy and costly legal process that oversees the transfer of assets. Wills allow individuals to appoint legal guardians for the estate and physical custody of minor children. The Law Office of Brenda Murzyn, P.C. provides sophisticated and personal estate planning and probate services to all clients, regardless of the size of their holdings. Our experienced staff are committed to providing the individualized services and timely response and follow-up that are essential to meeting each client’s personal needs. Contact our office today to find out which avenues of estate planning are best for you.

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