WILLS AND TRUSTS
At a minimum everyone should have a Will to express his/her wishes regarding guardians for minor children and nominate a personal representative to handle your estate after you die. When properly drafted, a Will allows you to name individuals or organizations to receive your assets after you die. These recipients are called beneficiaries.
Although Arizona and Wisconsin do recognize handwritten, or holographic wills, writing your own will can be risky. A holographic will is one that is handwritten by you. If done incorrectly, the court may deem your Will to be invalid. It might be contested by family members or you may leave out important clauses, leading to confusion and delayed distribution of your assets and expensive legal proceedings to determine what you meant.
Our experienced attorneys can help you avoid mistakes when creating your last will and testament, ensuring that your wishes will be carried out and your assets be distributed as efficiently as possible after your death.
INFORMATION ABOUT WILLS
A last will and testament is arguable the most widely used estate planning tool. When done properly, a last will and testament allows you to name which individuals or organizations are to receive your belongings and assets after you die. These recipients are called beneficiaries.
Many people don’t recognize the importance of having a will until they reach their older years—after their children are grown and may even have children of their own. However, creating a last will and testament when your children are young is extremely important. As difficult as it is to think about, if something were to happen to you and your spouse tomorrow and you didn’t have a will, a judge would get to decide who will raise your children.
Even if you don’t have children, it may be the right time to meet with an attorney about your estate planning goals and draft a will. If you are getting married or have gotten divorced, started a business or bought a home, you should have a last will and testament.
It might not feel like it, but your life is constantly changing. You move, new family members are born, others die, businesses grow or collapse, you get married or divorced and laws change. That’s why it’s so important to update your will and your entire estate plan as often as needed. If you already have some estate planning documents, but they are outdated, you would like to add to them, or you are worried that they weren’t drafted correctly, the attorneys at Bredemann & Shellander, P.L.C. would be happy to provide a complimentary consultation to look over your existing estate plan. Call us today at 480.998.0999 or schedule a consultation online.