Creating an estate plan is one of the most important things an individual can do for themselves while they are still alive. Doing so allows them to have an extensive plan for what will happen after they pass away. This helps an individual to protect their assets and belongings. A key part of creating an estate is writing a will. This is a legal document that recognizes how you wish to have those possessions handled when you are gone. An experienced attorney can guide you in creating a will that is best for you.
Why is a Will Important?
There are many benefits to creating a will for yourself. Over a lifetime, an individual collects many belongings that are valuable to them. These are things that should continue to be cherished and taken care of after one’s life is over. By writing a will, you are able to pass these assets along to whomever you wish. This ensures that they fall into the right hands and prevents any concerns about what would happen to your estate should it be left unmanaged.
When someone does not create a will, they die “intestate.” When this happens, their estate may be left in the hands of the state of Alabama. A judge can then make all decisions about where the belongings go. Dying intestate may also result in disputes amongst family members as they may argue over what they believe belongs to certain people.
Executing a Will
There are particular guidelines to follow when creating a will to ensure its validity. In the state of Alabama, the will is required to be written and signed. It is also required that the person writing the will, known as the testator, is of “sound mind and body.” This calls for two witnesses to be present that can speak to the testator’s ability to understand what they are doing. They may also be obligated to sign the will for verification.
A person can create a will at any moment in their life to prepare for any possible future. Because of this, they are also able to make modifications to it. Given that family dynamics may alter throughout a person’s life, they are able to change the will to accommodate any life changes. Some reasons an individual would want to update a will may be:
- A divorce
- The birth of a child
- Adopting a child
- The death of a spouse or family member
- A change in finances
If you or a family member is looking to create a will for your estate and wish to speak with an experienced attorney, contact the Law Offices of Stone Crosby, P.C. today.
Stone Crosby, P.C. has proudly served clients in Alabama for over 100 years. Our firm has experience handling matters including divorce and family law, estate planning and administration, business law, employment law, class actions, consumer protection, business law, real estate law, among many others. If you require quality legal representation, contact our firm today to schedule a consultation.