What Can A Will Do For You And Your Loved Ones?
Seek the help of a committed Anchorage attorney to draft important legal documents for you.
Wills are probably things you didn’t think of when you were younger. But, they’re probably the most important things to think about for end-of-life planning.
You want to make sure every detail of these documents outline your specific wishes because they will have major implications for you and your family.
As you head into the final years of your life, it’s normal to contemplate many issues you may not have thought of before. After all, when you’re young and building a future for you and your family, you’re not thinking about your mortality or where you want your assets to go when you pass away.
Nonetheless, in order to avoid chaos down the road, you need to plan now with the guidance of an Anchorage estate planning and elder law attorney.
What Should You Consider When Drafting A Will?
Having a valid will is paramount in legally conveying your wishes concerning the distribution of your assets. A will can help expedite probate and avoid long delays in the Alaska courts. Most of all, it’ll help ensure your wishes are honored.
Having a seasoned Anchorage attorney help you draw up a will helps you and your beneficiaries. First, it’ll give you peace of mind knowing that your loved ones are provided for. Secondly, it can help prevent strife within your family once you’re gone.
If you don’t have a will, there’s a good chance that a judge or the state will decide how your estate is divided rather than follow your wishes. Your heirs may not receive what they’re entitled to or they may have to spend a lot of time and money in court to settle your affairs.
It’s not unusual for family members to bicker amongst each other and become emotionally worn down when a will isn’t in place. Many relationships have been permanently damaged through long, drawn-out litigation that could have easily been prevented had a will been in place.
Obviously, it’s in your best interest as well as that of your family’s for you to create a will while you are deemed of sound mind.
Before visiting an attorney, ask yourself these questions:
- Who do you want to inherit your assets when you die?
- Will your children be equal beneficiaries in your estate?
- Do you have a special need’s adult child or spouse that requires special care that you want to provide for?
- Do you want to include grandchildren or children from another marriage in your will?
- Do you want to have any of your assets distributed to a charitable cause?
- Once you’ve had a will drawn up, have you evaluated it from time to time to make sure that any provisions you’ve made are still valid? Circumstances can and do change and it’s best to do a full evaluation of your will as needed.
It’s important to note that Alaska law has certain provisions that must be adhered to and the law concerning these provisions is complicated.
For instance, your spouse is entitled to the elective share of your property, which is one-third of your non-probate and probate property. But there are other considerations as well.
This is why it’s important to seek the counsel of an attorney to learn more about your rights as well as any beneficiaries you want to be taken care of.
We Help Preserve Legacies
We want to help you create a lasting legacy by helping you with these important decisions concerning your estate. We’ll make sure your wishes are honored and your loved ones are taken care of in the way that you wanted them to be.
Contact Wyatt & Butterfield, LLC for a consultation today. It’s crucial to talk to our Anchorage estate planning and elder law attorney about how wills, trusts, and a power of attorney can help you sleep better at night, knowing you and your family are fully protected.