Drafting wills and trusts may not be an exciting endeavor, but it will grant you peace of mind knowing your family will be taken care of after you pass. At The Law Offices of Katzman, Logan, Halper and Bennett, LPA, in Cincinnati, OH, they encourage all of their clients to draft a will because it’s a critical legal document. Many people believe that they don’t need to leave a will unless they have many assets to distribute, but this is not the case.

Here are three reasons why wills and trusts are important for everyone to draft, regardless of their financial situation:

• Minimize Family Feuding: Even if you don’t have a lot of assets, some family members may still argue over what you leave behind. Establishing a will is a legally binding way to ensure your estate will be handled appropriately upon your death.
• Establish A Plan Of Action: If you have children, it’s important to determine who will take care of them if something were to happen to both you and your spouse. Without a will, the court will decide which of your family members takes care of your children. They may even choose a state-appointed guardian, and hiring an estate planning attorney is a good way to ensure your children will go to someone whom you trust.
• Reduce Estate Taxes: Estate planning attorneys know how to draft wills in such a way to reduce estate taxes. This means more of what you own will go to family members or favorite charities, and less of it will go to the state.

If you have not even thought about wills and trusts yet or if you want to change your current will, turn to The Law Offices of Katzman, Logan, Halper and Bennett, LPA in Cincinnati, OH. Visit the website to learn more about their areas of practice. You can also call (513) 793-4400 to schedule an initial consultation with an estate planning attorney today.