A will, in its simplest terms, is a legal document that allows you to decide what will happen to your property after you pass away. Many people believe they don't need a will because they "don't have much stuff." Well, the truth of the matter is that a will provides benefits for anyone. It is the only way for you to definitively determine what will happen to your property, so that when you are gone, the people you love will not have to go through the stressful, and sometimes bitter, process of determining who gets what.
Additionally, when you fail to draft a will, you are leaving your estate open to undergo probate, which is a public, court supervised proceeding that can be expensive and tie up your assets for a prolonged period of time, preventing your beneficiaries from receiving what you left behind.
Proper planning can also help reduce or eliminate potential taxes on the estate that would be left to your family to pay.
In addition, you can use your will to elect who you want to raise your children should you pass unexpectedly.
At Berg & Chmielewski, PC we will work with you to craft a plan that is appropriate for your situation. We will ensure our services are tailored to your needs, which will provide an excellent plan that is scaled, and priced, for your situation.