According to Caring.com, people with a will aged between 35 to 54 years old have declined by 39%. The number of people having a will in this age group in 2021 reduced to 22.25% from 37% in 2019. There are plenty of reasons other than your children that having a will is necessary. If you do have children, eventually, the day will come when it's time to pass on your estate. With this in mind, you must write up your will with the help of a wills and probate lawyer. Below are some key reasons why you should have a will.
If you are getting divorced, you will also need to take action as far as your children are concerned. When you do not have a will, there is no record of who your kids are or how they get assets. In the case of unmarried parents, one parent is often left out. In other words, if you do not have a will and you become divorced, there will be no proof of any settlement agreement or division of assets. This can result in a potentially dangerous outcome, like one parent not getting their child support payments.
Suppose a couple holds up an agreement to settle their estate when they are both still alive, but one of them passes before making that decision final. In this case, the other is stuck going through probate court to resolve the matter. By writing a will with your wills and probate lawyer, you leave instructions for everyone on how things should go. Doing so lets anyone who wants to stop them know that someone has given this person an official authority over the proceedings of your estate.
When you go through probate court, you will likely be shocked by how long it takes to resolve it. Your estate can remain unsettled for years if you do not have a will. With the assistance of a well-reputed wills and probate lawyer in writing a will, it will not take any time for people you leave behind to figure out what they should do and who should do it because you wrote everything down in your document. You also eliminate the additional time and cost when they immediately address potential disputes without anyone having to rely on an attorney.
Wills are easy to create. By writing it correctly, it can be a reliable and effective tool for ensuring your assets remain appropriately distributed. Contact a law firm like ours if you want quality services from a wills and probate lawyer to help you write a will. For more details, please feel free to contact us today.
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