A simple will may be right for you if you plan to leave your assets to one person, or divide your assets equally among your children. Click here to find out more.
A will is a legal document that allows you to control how and to whom your property passes at your death. Your will can provide for the disposition of your home and other real estate, as well as personal property such as cars and bank accounts. There are formal requirements established by N.C. or S.C. law that must be met for a will to be valid.
A will indicates where your probate property goes after your death. In your will, you will name an executor to administer the will and you may even designate a guardian for your minor children and their property if your children’s other parent does not survive you.
A will does not override an annuity, life insurance policy or anything with a named beneficiary. Also, a will does not nullify the terms of any trusts you’ve established or reduce any taxes or expense associated with settling your estate.
You can make a valid will if you are at least 18 years old and of sound mind. Your will must by in writing and signed by another individual in your presence and at your direction. Your will must be signed in front of at least two witnesses.
If you already have a will and circumstances in your life have changed, you should contact an attorney at King Law to review it to be certain that it still expresses your wishes and desires. Even if you have a will from anther state, you should have your will reviewed by one of our attorneys to ensure that it meets the requirements of law.
An Attorney at King Law can explain the consequences of some of the most basic choices you must make, such as whether property you want to leave to your minor children should be put into a trust at your death. For that reason, it makes sense to confer with one of our attorneys in drafting or changing your will, so that you don’t make costly mistakes or accidentally not accomplish what you intend.
Having a will makes the emotional time after your passing easier for your family. You can lessen the burden on your family by planning for their care and financial well being, by naming a guardian to take care of your minor children, by creating a trust for the benefit of your spouse of children, and by planning to save taxes.
At a minimum, King Law we recommend that all of our clients have a will. Even if you have only nonprobate assets, you still need a will. The feeling of knowing that you have a safe and secure plan upon your death allows you and your family to have peace of mind about your wishes.