LAST WILLS

Your Will is a written document where you direct who gets your property eventually upon your death. When planning for that eventuality, Wills are the basic and the most affordable estate planning document that controls the distribution of your assets to your loved ones or beloved organizations. Wills created now become effective upon your death so that you can change your mind at any time and revise and update it whenever your wishes, assets, or circumstances change.

By creating a Will, you alone decide who eventually gets each of your assets. Once an asset is transferred, that person or organization has total control over what They do with the assets. If you want to limit their control, consider a Trust. The legal term for dying with a Will is Testate.

If you die without a Will, the state of your residence generally divides your assets between your closest relatives with no consideration for your final wishes, goals, or dreams. The legal term for dying without a Will is Intestate. The formula used to divide your assets varies from state to state, so determining your residence may greatly affect how your assets are distributed if you die without a Will. This is particularly important for people who spend time in more than one state or move to a different state, even if the move is involuntary after a person loses capacity. Elder Planning is another topic that you should consider when planning your future.

Wills are relatively inexpensive and quick to create with the help of an attorney at Webel Law. We'll explain the process and points you should consider in making decisions.

After you die, all your assets are called your Estate. This includes all your belongings, automobiles, real estate, stock, bank accounts, cash, jewelry, antiques, and more. Whether you die with or without a Will, your Estate must go through Probate, which is the legal proceeding that is open to the general public for the whole world to see a list of your assets and bills where a judge approves all asset transfers after your final bills and claims against your Estate are paid. The minimum time for an Estate to work through the Probate process is nine months, but generally it takes longer. Depending on the complexity of an Estate, the process may take years and can become relatively expensive. If your goal is to minimize or avoid the lengthy and costly Probate process, there are other options, such as various types of Trusts.

At Webel Law, we have years of experience helping clients create Wills and Trusts and guiding family members through the Probate process. We are skilled at discussing decisions that you need to consider and then creating customized Wills and Trusts that satisfies your estate planning goals. Our job is to bring up issues you may not even realize are a concern today. We are dedicated to helping you develop a comprehensive estate plan that addresses and solves your concerns so that your loved ones will be taken care of in the future according to your wishes.