We are pretty sure that if you have some sort of property or assets then you would understand the importance of having a will. It is something that provides an opportunity for you to ensure that your assets along with the property that you have to pass on to the people and organizations that wish. In order to make sure that this happens, there is a requirement for you to have a trust or will in place. Please don’t forget that if you have a will and not a trust then the Will shall be subject to probate. If you wish to have any say or control over who inherits your property or assets then there is no way around it, a Will or Trust is a must.
If you wish to provide for your loved ones and have specific people in mind that you intend to pass your assets to estate planning is a must. Whether it be your children, family members, friends or a charity of your liking you must plan for this while you are alive. In the event that you pass without a proper estate plan meaning without a Will or Trust then it comes down to the intestacy laws of your state and the courts to appoint your assets.
Please keep in mind as it is very important that without a proper estate plan your assets might end up in the hands of people that you had no intention of leaving them to. Here we are going to provide some details and a better understanding on the topic and importance of having a properly executed Will.