Common Questions About Wills
Do I Need a Will – The short answer to that question is yes; everyone should have a will.
Although all states have laws that dictate who the people are that are your beneficiaries if
you don’t have a will, having one will let you, and not the court, determine who will
inherit your assets.
How do I Get a Will – The best way to get your will written is with the help of a
qualified and experienced attorney. Although it is possible to write your own will or use
an online program, this is not recommended. A generic will cannot cover all the bases
concerning your own personal circumstances, or address a situation that you might need
legal advice on.
What Does the Will do After I Die – After you die, the person that you named as
executor of your will is responsible for retaining the services of an attorney so that your
will can go through probate. After the will goes through probate court, the executor of the
will is responsible for paying all creditors and taxes; after this the funds are distributed
among the beneficiaries named in the will.
Can I Change my Will – Once you have a will you can make changes, but in most cases
it is better to have a new will written, which will void the old will.
If Married, do we Both Need a Will – It is important that both spouses have a will. In
most cases both people will leave their property to the other spouse, but when the second
spouse dies, it is at that time that the property and assets are distributed to other
beneficiaries. When one spouse dies, the other will usually update their will to name
Can My Will Have a Trust – Yes it is possible to have a trust in your will; this is known
as a Testamentary Trust. In some cases the trust will need to be kept track of by the
courts, which leads to administration fees. If you want a trust, it is frequently a better idea
to have a trust separate from your will.
How do I Find an Estate Attorney – Some of the best sources to get an attorney referral
is from friends and family. If you can’t get a referral from a friend or family member, you
can contact the bar association to get names of local estate planning attorneys.
Experienced estate planning attorneys Seattle WA of the Byrd Garrett PLLC offers estate
planning and business planning resources to residents of Seattle WA. To learn more
about these free resources, please visit http://www.byrdgarrett.com today.