A will is the most basic component of an estate plan, and it is never too early to draft one. Even if you do not have a large family or many assets, your loved ones will still benefit if you plan ahead by talking to an attorney about your situation. The team at Swartz Law Office in Batavia, OH, explains why you should start writing your will today.

What Living Wills Ensure

Your Last Wishes Will Be Honored

A valid will ensures your property will be distributed to the beneficiaries of your choosing upon your death. If you die without a will, the state of Ohio will determine who gets your assets based solely on your familial relationships, and your other personal connections will have no influence.

Your Children Will Be Taken Care Of

If you have minor children, it is essential to designate a guardian for them in your will. Otherwise, the state will determine who gets custody if you and their other parent dies. Unfortunately, you cannot rely on the state to designate the same caring person or couple you would have chosen.

Your Favorite Charities Will Benefit

If you want to reduce estate taxes for your loved ones, you can leave donations for your favorite charities in your will. This is an excellent way to contribute to a good cause while minimizing your beneficiaries’ tax burdens, but it is only possible by drafting a will.

If you need to draft or update a will, turn to the legal team at Swartz Law Office in Batavia, OH. To learn more about their experience in estate planning, visit their website. Call (513) 732-0900 to schedule an initial consultation today.