probate

Many Americans neglect preparing a Will, for a variety of reasons.  The most common reasons given are that they are too busy, they don't want to think about death, they don't know who to distribute their property to, and they wish to avoid the cost and time involved.

While everyone should execute a Last Will and Testament, many people never really get around to it.  When death occurs prior to the proper execution of a valid Last Will and Testament, the decedent is known as an "intestate".

When a loved one passes away, very important legal actions must be taken in order to properly protect and transfer estate assets.  For example, the decedent's house deed and vehicle title must be properly transferred to the proper beneficiary.

Many responsible individuals prepare and execute a valid Last Will and Testament.  Having completed the task, they quickly place the Will in a safe place and move on with more pressing things.

People often wonder why family members, financial advisors and lawyers recommend having a Will as part of a complete estate plan.  Today's blog will address some of the benefits of having a Last Will and Testament.

WHAT IS A WILL?