A Last Will and Testament is a document that allows you an opportunity to communicate your wishes and to dispose of your assets after death according to those wishes.
There are many reasons to use a Last Will and Testament. The following are some of the reasons but is not an exhaustive list of the reasons:
- If you would like to distribute your assets in a manner different than the intestate laws which differ from state to state.
- If you wish to leave property to people who are not your heirs as defined under state law.
- If you wish to leave property to charitable organizations.
- If you wish to decide who will be responsible for administering your estate and carrying out the terms of your Will.
- If your estate’s value is larger than the current federal estate tax exemption amount.
- If you wish to name Guardians for your minor children.
The requirements for execution of a Last Will and Testament are a matter of State law and differ from state to state. There are also restrictions regarding who can witness a Last Will and Testament. These restrictions differ from state to state as well as whether the Last Will and Testament must be notarized.
We work with individuals and families to develop estate plans. Each individual’s needs are unique and this article only provides an overview of one tool to consider when planning your estate. For more detailed information and to discuss your specific case, call us today at (678)781-9230 or email us at email@example.com to schedule an appointment.
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