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What is the Importance of Creating a Will?

What is the Importance of Creating a Will?

Planning for one’s future can be difficult to do, but it is an important step to take. Creating a will can protect your wishes, and save your family and friends from excess stress and pressure. A will is a document that declares what should happen to your possessions after you pass. While it is hard to think about these things, it will be majorly beneficial in the long run. Read on to learn more about the importance of a will, how to create one, and what to include in it.

Do I Need a Will?

Some people equate a will with a certain net worth. This is certainly not the case. Everyone should create a will, regardless of financial status. In fact, things left in a will may not always be of monetary value. A will is something that anyone interested in planning for their future should consider.

What Should Be Included in a Will?

In a will, you may want to include assets such as real estate, bank accounts, securities, and items of personality. Many other items or wishes can be included in a will as well. For example, if you want to designate a portion of money to charity, give a gift to a certain family member, or leave your favorite photograph to a friend, you can state that in your will. It is important to note that you should not put any funeral wishes in your will. Often, a will is read after the funeral, so if you leave funeral wishes in your will, they may be accidentally overlooked. Instead, you should reach out to an attorney who can help ensure your wishes and plans are clear to your loved ones. You can contact The Lauterbach Law Firm with further questions regarding what you should or should not include in your will.

Can I Change my Will?

A will is a document that may be revised over time. Things change and evolve, and it is important to account for those changes. If you wish to make revisions to your will, you should reach out to an attorney for assistance. Some common reasons to change your will include:

  • Getting married
  • Having a child
  • Getting divorced
  • Losing a loved one that was included in the will
  • Gaining or losing a significant asset

If you are interested in creating, or altering your will, reach out to a knowledgeable attorney.

Contact the Lauterbach Law Firm

Drafting a will is an important step towards a comprehensive estate plan. When considering this essential step, it is important to discuss your situation with an attorney. The Lauterbach Law Firm provides effective and experienced legal services for clients in Rockland County, Westchester County, and the Lower Hudson Valley. If you are interested in scheduling a consultation with an experienced law firm, contact The Lauterbach Law Firm today.

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