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Even if your goal is to avoid probate, it is nevertheless important to have a Will. A Will controls the passing on of assets that are in an individual’s name, and have not been otherwise designated to pass to a named beneficiary. Assets can include claims that are pursued post-death, and it is not uncommon for people to miss designating an asset in an effort to avoid probate. A Will serves as an important planning safety net.
Our Estate Planning Practice can assist you with the preparation of a Will so that you can choose how your assets will be distributed and who will handle the administration of your estate. If you have minor or disabled children, a Will is essential for nominating a guardian who will care for your children and the assets you leave for them.
In addition to preparing your Will, we can advise you on ways to avoid probate if that is your objective. A revocable trust might be appropriate for you for both probate avoidance and to accomplish other planning objectives. We can also advise you on the retitling of assets to ensure that beneficiary designations have been properly completed and avoid the complications and expense of the probate process.
Please contact us so that we can help you determine your planning goals and see that they are accomplished.