Do I Need A Will?
A Will is an important document for establishing how your assets are distributed upon your passing. Most people think that they do not need a Will until they own a house or have children. But, it is important to know that Wills can be important no matter what your financial situation is. In fact, it is recommended that you get a Will as soon as possible in adulthood. A Will might contain your wishes for certain possessions, from houses and cars, to family heirlooms and collectibles.
Wills at the Start of Adulthood
When in your early twenties, it may not seem necessary to get a Will. However, they can be incredibly important in establishing what you want to do with your assets in the event of your passing. Otherwise, it is up to the state to determine. While you may not have much in the way of assets, personal property and bank accounts can be covered by a Will.
Don’t Make a Will Online
You should not make a Will without an experienced estate planning attorney, licensed in your state. They can help you navigate through the intricate laws surrounding your estate. Online Will sites and cookie-cutter Wills may not cover all of your unique needs. Additionally, they may not be set up for your state’s estate laws.
Other Estate Planning Documents
When you meet with a lawyer to discuss creating a Will, they may advise you to create other important estate planning documents. For example, most funeral plans are established outside of the Will, because it is usually read after memorial services. Your estate planning attorney can help you document your funeral wishes when you create your estate planning documents. These wishes may include whether you want to be cremated or buried, what funeral home to have the services at, and whether you have begun to pre-plan for those services.
Matthew Funeral Home does not provide legal or financial advice via articles. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for legal or financial advice.
For over 50 years, Matthew Funeral Home has been serving the Staten Island community. We can help with almost every aspect of your loved one’s memorial service. Our family is here to serve yours, every step of the way.