A will is the cornerstone of any estate plan. For some people, a basic document is sufficient for ensuring their legacy is handled accordingly after they’re gone. The Shelton Law Firm in Chariton, IA, assists local clients in creating solid, legally binding estate plans. Here, they discuss whether a basic version is right for you, what elements go into creating it, and how to avoid probate.

How to Tell if a Basic Will Is for You

A basic will is not for everyone, but there are some ways to determine whether it works for your estate. For instance, younger people in good health can get away with going this route, especially if estate tax won’t be an issue upon their death—as it typically only applies to the very wealthy. If you situation is more complicated—for instance, you’ve had multiple marriages, you’re older and not in the best of health, or you’re a business owner with a greater amount of property and assets—it’s better to opt for a comprehensive plan.

If you do opt for a simple will, there are few elements to include. Naming heirs is important, as you want to ensure those closest to you are taken care of after you’re gone. You’ll also need to name an executor in your will, as this person will be tasked with carrying out the terms. You can even establish guardianship for any minors in case both you and your spouse pass.

How to Avoid Probate

Probate is the process of proving a will’s validity, satisfying outstanding debts, and dispersing property and assets. A basic document may not be enough to avoid the process. However, if you don’t require anything more substantial, it’s unlikely your estate will be subject to this court anyway. The process usually occurs when there’s no estate plan in place, or when family contests the terms of a will. You can also revamp your will later or establish a trust, which helps avoid probate.

Residents of Chariton and the surrounding areas who need dependable legal advice can trust in the team at the Shelton Law Firm. Serving the community since 1967, these seasoned attorneys provide quality guidance and representation and will help you create a solid will and estate plan. If you’d like to schedule a consultation, call (641) 774-5956 to speak with a friendly and knowledgeable representative. You can also visit this firm online for more information on the full range of practice areas.