With a long list of pressing matters, many adults in their 30s and 40s put off writing wills. As you can’t anticipate what may happen in the future, reach out to an attorney to help draft a will before you reach old age. Being proactive about estate planning is necessary for the following three reasons.
Why Should Younger Adults Write Wills?
1. Provide Future Stability for Children
If you die unexpectedly without a will, a court decides living arrangements for minor children. They may end up with relatives or state-appointed guardians you wouldn’t have picked. With a will, you can assign guardians who will provide a stable, loving, and supportive home and have their best interests at heart.
2. Expedite the Probate Process
When you pass away, your estate goes through probate. The court makes sure all debts to creditors are paid and distributes remaining assets and property to surviving family members. Without a will in place, it could take a long time to track down heirs and determine how to distribute inheritances. When you outline how your estate should be divided in a will, it won’t take as long to complete the process.
3. Make Future Amendments
Once you draft a will, you can make changes to it until you die. By drafting an initial document when you’re young, you’ll have a solid foundation for your estate plan. You can add beneficiaries and assets as time passes. An attorney can also advise you of any changes to consider and make sure the court upholds it if revisions to estate law are enacted.
For help drafting a will or setting up a trust, contact Kevin R. Bryant Attorney at Law. Based in Crossville, TN, and serving clients throughout Cumberland County, this legal practice has more than 16 years of experience assisting clients with estate planning as well as civil litigation, criminal defense, personal injury, and family law matters. To schedule a consultation, call (931) 787-1004, or go online to discover why you can trust this attorney to be your legal representative.