Estate planning: a closer look at a will

Estate planning can be confusing. You may have heard about a will, trust, or power of attorney from people planning for their future. If you are going in blind, it can be hard to sort through it all. However, working with an attorney can help you realize what documents and details you should include.

Some software and online options suggest you can do everything yourself. Unfortunately, this can lead to mistakes and usually does not take into account your unique situation. To create a will you can rely on, you should work with a legal professional.

Who Needs a Will?

Almost everyone should have a will in place. You may think you are not rich enough to need one or the law will take care of everything. Arizona, like every other state, has laws in place to determine what happens to your property if you do not have an estate plan. However, if you rely on the state, you lose all say in what happens after you pass.

If you have money or property, you probably care about what happens to it. This can include personal items with sentimental value, as well as money or business holdings. Further, if you have minor children, you don’t want to leave it to the government to work out what should happen to them. In short, if you have anything or anyone you care about, you should have a will in place.

How a Will Works

A will allows you to describe your wishes for what happens after you pass. You can create one document for yourself and your spouse, or separate documents for each of you. They can outline what happens to your property, assets, debts, and any minor children under your care when you die. A will lays out any specific gifts, personal items you want to give to people, as well as general bequests for dividing your estate. In Arizona, you must sign your will in order for it to be valid. You must have two witnesses sign as well.

Having this document in place does more than direct your wishes. It also gives peace of mind to the people you love. It allows them to know what you wanted and know you’re caring for them even after you pass on. It’s a final way for you to take care of those who matter in your life.

Legal Help for Your Will

With all the do-it-yourself options available, you may think you can handle writing your will on your own. Like any other legal document, you should work with a professional to make sure you include all of the appropriate information and details. Arizona law determines whether the document is effective. Mistakes on the form or the content can make the entire document invalid.

Writing a will is one of the most important things you can do to take care of the people you love. An attorney can help clarify what you need and prepare it. If you’re ready to learn more about estate planning, contact Ogborne Law today.