Unexpected events can occur at any time, so don't put off drafting a will. This essential document will help you and your family prepare for all future contingencies. Here's a closer look at how this can benefit you and your loved ones. 

Why It’s Wise to Create a Will

1. Care for the Kids

Wills allow parents to name guardians for their minor children. If you don’t have a will, the courts will decide who will get custody of children. In the legal document, you can put in provisions on which close relatives or friends should be granted guardianship. 

2. Ensure Last Requests Are Honored

Without a will, you have no control over the division of assets after you pass away. This legal document serves as your voice after death, outlining who is entitled to your assets. This ensures your last requests are honored and specific loved ones receive sentimental possessions, valuable property, and savings. Having the document could also prevent disputes and tension among family members later.   

3. Avoid Steep Fees

Some of the money in your estate will go toward paying taxes to the state and federal governments. If you don’t leave behind a will, your estate could languish in probate court while officials decide what to do with your assets. The associated legal fees will also be taken out of money in the estate. You’ll have more money to leave to heirs when you have a will in place.  

The staff at We The People of NY in Manhattan specializes in legal document preparation, including wills. They’re familiar with the New York City court system and will ensure your estate planning, bankruptcy, and divorce paperwork are prepared quickly and in accordance with standard guidelines. To learn more about available services, call (212) 633-2200 or visit the locally owned and operated company online for details.