It is often reported that it is becoming increasingly difficult for fathers to get custody of children and yet so many are neglecting the importance of having a will in place in order to protect their families should the worst happen. The power of this legal document should not be underestimated, especially for parents. Having the peace of mind that your children will be taken care of in the event of your passing is something that every caring parent should want, but, unfortunately, it is something that is often overlooked as many see it as something that only the elderly need to do. This could not be further from the truth. In fact, in most states you can make a will from the age of 18.
A will is a legal document that states what you have decided to do with your assets after your death. Although you can create a will yourself it really isn’t advisable as the process can be rather complex, and many rules vary by state. Your best course of action would be to hire an attorney to draw the will up for you. Many attorneys offer promotional discounts at certain times of year for will writing services so it can be worth shopping around before you start.
Once you have chosen your attorney your next step should be to choose an executor. Many people opt for a lawyer to handle their interests, but that doesn’t have to be the case. In truth, just about anyone can be your executor, from your spouse to your bank manager, providing they are over 18 years of age. Nevertheless, the role can be a demanding one so it is worth speaking to the person prior to making your will to ensure that they are willing and able to fulfill your request.
If your chosen executor agrees to be responsible for your estate in the event of your death you can then instruct your attorney as to how you would like your estate distributed. Having this in place will help to protect your estate and will see that it is distributed in the way that you want, with as small amount of tax left to pay as possible. The immediate benefits of this are obvious, but it should also be made clear that should you die without having a will in place then your estate will be placed in probate. This means that your estate may well be distributed differently to the way you may have wished, and could also leave your loved ones with very expensive legal bills to pay should they choose to contest it.
Many people consider the process of will writing a morbid affair, but this really is quite a ridiculous notion. Making a will does not bring death to your door any quicker than if you decide not to make one. However, what it will do is put in place your final wishes and it makes sure that those who you wish to be taken care of, are taken care of. Now why wouldn’t anybody want that?