Why is it Necessary to Make a Will?

Making a will might not be something that seems important on your to-do list, but life happens. Having an up-to-date will in place can ensure that your family and assets are protected at the time of your passing. Estate planning lawyers at Tiffen Law Office have created this article to walk you through the process of how to make a will and ensure that you have all the information you need. 

Who Needs a Will?

If you have children or other loved ones in your life, you should consider a will. Any person with assets and loved ones would greatly benefit from creating a will. Seeking guidance from an estate planning lawyer can make the process easy and personalized. Whether you have multiple children or a bachelor with numerous assets and siblings, you could use a will. 

If you’re not sure how to make a will or what to put in your specific will, we can help you. Every family situation is unique and specific, which means you require a professional to consider your individual assets and make sure your family is taken care of. 

What Does a Will Cover?

There are different types of wills that cover specific needs based on your situation. Working with an estate planning lawyer to create a simple will or a joint will can give you peace of mind that your family will be protected once you pass on. Once you decide the type that works best for you, you’ll have the ability to include the specific assets that you want to be covered. 

Things like money, real estate, stocks, company ownership, and patents are covered in a will. This is where working with an estate planning lawyer can greatly benefit you, because they can ensure that you don’t leave anything out. From large sums of money to intellectual property, you can leave your family with more than you might think. 

What Happens if You Don’t Have a Will? 

Unfortunately, if you don’t have a will, your family might not be protected when you pass. When this happens, it can quickly create unnecessary stress on your loved ones. In some instances, if you have numerous assets like various properties and large amounts of money, your loved ones may have to refer to a judge to determine where the assets go. 

This can quickly become a stressful situation for your family because a judge, who doesn't know your family’s situation, will have the authority to determine where the assets go. Working with our wills and estates lawyers can get you on the right track to finding the right will for your and your family. You’ll rest easy knowing that everything is taken care of, and there won’t be any arguments or grievances over where your assets are going. 

How do You Prepare a Will? 

Preparing a will requires a few important decisions that should be consistently updated with life changes. You'll decide what assets are included and who receives them, who will become guardians for your children, and who will be the executor. Our estate planning lawyers are experts in helping clients with preparing wills and will teach you how to make a will that fits your specific needs. 

Call Us Today!

If you’re ready to create a will that leaves your loved ones protected, call us at (780)-229-3533 or fill out our online contact form to request a free initial consult. We believe taking care of your family is important, so we’re committed to providing you with individualized services. 

If you’re in the Edmonton, Stony Plain, or surrounding areas, give us a call. It’s never too soon to make sure your family is protected.