Studies show that up to 70% of Americans don’t have the most basic of estate planning documents in a will. This legal document can accomplish multiple goals and is often the cornerstone of a good Massachusetts estate plan.
This legal document outlines who is eligible to take care of your minor children if something happens to you and their other parent, and what happens to the distribution of your property. Nearly three quarters of the country doesn’t have a will at all. To know whether or not you really need one, you must reflect on three core questions.
If you answer yes to any of the following questions, now is the perfect time to schedule a consultation with a Massachusetts estate planning lawyer. These questions are:
- Do you care who inherits your property if you suddenly passed away?
- Do you care about who receives any money you have at the time of your passing?
- Do you have specific preferences about who is appointed the guardian of your minor children if you pass away?
Regardless of how little or how much money you have, a will can give you the peace of mind and a streamlined process to allow your loved ones to inherit more easily and with great clarity. If you don’t want the state to manage the transfer of your assets, you can state you desires clearly in a will or trust.
Schedule a consultation with a Massachusetts estate planning lawyer today to learn more.
