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Why is it Important to Have a Will?

On Behalf of | Jan 10, 2021 | Firm News

Wills are important to protect your children in the event of your passing.
While it is common for your property to pass to a survivor you choose, if your
property is to pass to your children and your children are still minors, the
property will be held in a contingent trust for their benefit. This means an
adult will manage any money and property left for your children until they
reach an age where they can manage their inheritance themselves. In your will,
you are also able to name a guardian for your children, or in the case of
divorce, an alternate guardian if your ex-spouse is not available. Whoever you
designate as trustee of the contingent trust will manage and disperse funds
for the health, education, support, maintenance, or general welfare of your
children.

Our will packages include a Durable Power of Attorney which will allow your
Power of Attorney to manage your finances and ensure your children have access
to the money they need for food, shelter, and other needs. It also includes an
Advance Medical Directive, which allows you to make choices about your
healthcare in the event you become incapacitated.

We are here to protect your family, during marriage, divorce, and after the
passing of you and your spouse. Talk to us to determine what options you have
for protecting your family.