Why Do You Need to See a Lawyer About Your Will?

Many people feel that they only need a “basic” Will and do not feel that it is necessary to retain a lawyer. However, by consulting with a lawyer, you are better able to identify your estate planning goals and needs, and ensure that you are addressing each of them.

You should consult with a lawyer if:

• You have questions about your existing Will or are interested in other options for leaving and or distributing your property;
• You expect to leave a very large amount of assets and you want to avoid or minimize probate fees;
• You want to create a trust (to leave your house in trust to your spouse until he or she dies and then to have it pass to your children from a previous marriage; for a disabled spouse or child — a discretionary trust;
• You are a small business owner and have questions as to the rights of surviving owners or your ownership share, or you are a partner of a business;
• You must make arrangements for long-term care of a beneficiary, whether it is a minor child or an adult but dependent child or spouse;
• You intend to disinherit your spouse or child or leave unequal gifts to your children and you are concerned about that person commencing a Wills Variation action;
• You do not wish your minor children to inherit their portion of your estate at the age of nineteen years, which is the age of majority;
• You are in a second or third marriage or you are in a blended family with children from a previous marriage and children from your current marriage, all of whom you wish to benefit from your Will;

Contact Stephen Miller for more information.

Located in: Wills & Estates