estatehead.jpg

willpic.jpgA Will is a written document that specifies who gets your property at your death. It has no legal effect while you are living, and can easily be changed. After your death, it will be filed with the court (probated) so that its terms can be enforced.

If you don't have a will, your property will be distributed according to a method fixed by law, and in certain cases with no legal heirs, passed to the state.

If you have a will, your property will be distributed according to your wishes. Provisions can be made for appointment of a personal representative that you choose, and many costly steps, such as posting bond and filing an inventory can be waived, saving money.

If you have minor children, a will sets out your directions for their care. You can appoint a guardian to manage their inheritance until they become adults. You can also create a trust that will control the property transferred to your children or other heirs.

At RASSAS, NORTH & ASSOCIATES, we can answer your questions about wills & estate planning, and assist you in putting your loved ones final affairs in order.

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