July 12, 2022
In the United States, you are legally required to leave behind a will in order to ensure that your final wishes are followed after your death. If you die without a will, your estate will be passed down according to the terms of state law and your loved ones may have trouble accessing important documents or assets like bank accounts or real estate property. Planning ahead with a properly written will from a probate lawyer Knoxville, TN can help to avoid these problems, which is why it’s important to write one at the correct age — and also why you should talk to an experienced probate lawyer when making important estate planning decisions. Here are some probate tips from our friends at Carpenter & Lewis PLLC.
At What Age Should I Get a Will?
Many people believe that they only need a will if they are elderly or have significant assets. However, anyone over the age of 18 should have a will, regardless of how much money or property they have. A will ensures that your wishes are carried out after your death, and can save your loved ones from difficult decisions during an already emotional time. While there is no set age at which you should get a will, there are certain life events that might prompt you to create one. For example, you may want to write a will after getting married, having children, or buying a home. If you have any questions about whether or not you need a will, consult with an experienced probate lawyer.
Who Needs a Last Will & Testament?
If you are 18 years of age or older and of sound mind, you can create a last will and testament. A will is not just for the wealthy. In fact, anyone who owns property or has minor children should have a will. If you die without a will, your state’s intestacy laws will determine how your property is distributed, which may not be in accordance with your wishes.
How Does the Lawyer Draft My Last Will & Testament?
The lawyer will ask you questions about your assets and your beneficiaries. You will need to provide the lawyer with information about your property, including real estate, savings accounts, stocks and bonds, and personal belongings. The lawyer will also need to know who you want to receive these assets after you die. Once the lawyer has this information, he or she will draft a document called a last will and testament. This document will list all of your assets and designate who should receive them. You will need to sign the document in front of witnesses, and the witnesses will need to sign it as well. Once the document is signed, it becomes your last will and testament.
Do I Need To Consult A Probate Lawyer About Making A Last Will & Testament?
Many people choose to wait until they are much older before creating a last will and testament, but this isn’t always the best idea. If you die without a will, your assets will be distributed according to state law, which may not be how you would have wanted. Plus, if you have young children, it’s important to name a guardian in your will so that there is no question about who will care for them if something happens to you. Consulting with a probate lawyer can help you decide if creating a will is right for you and your family; contact one today for help writing a will.