During the time of grieving and sorrow, a will is essential.
With a Will, you decide how your estate will be distributed. Without a Will your estate is distributed in accordance with State Law.
With a Will you can direct that your entire estate be left to your spouse. Without a Will your estate will be shared with your spouse and children, including minor children.
With a Will you can nominate the person whom you want to serve as guardian of your minor children. Without a Will the choice of guardian will be decided by the Probate Court.
With a Will, property can be distributed to a trustee of your choice to manage in accordance with your wishes for the benefit of your children. Without a Will, minor children may receive their property upon reaching age 18.
With a Will you can choose the person, bank or trust company to serve as executor of your estate. The executor is charged with responsibility to manage and distribute your estate in accordance with the law and the terms of your Will. Without a Will the Court will choose an Administrator at the request of your heirs, who may or may not agree on the choice.
With a Will, your Executor can be given full powers to sell and manage your property without having to petition the Court for permission. You can also provide in your Will that your executor serve without posting a surety bond and filing periodic inventories with the Court.
These are only some of the reasons why every adult should have a properly drafted Will. Estate law is complex and usually requires the experience of a qualified attorney who can assist when dealing with estate and inheritance issues. Attorney Harold K. Corbin can answer all of your questions regarding wills and probate.
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