No one wants to think about their own passing. It usually just causes us to become uncomfortable and sad. However, we do unfortunately still need to plan for it. If we have real estate, vehicles, and other valuables, it is important that they go to who you want them to. Our attorney will help you with estate planning through the creation of a will. Below are some of the benefits of creating a will:
· Minimize Expenses – You can set aside money for your funeral costs, debts, and other expenses your family members might have upon your passing.
· Ensure Your Wishes Are Met – It can be difficult for family members to sort out what exactly you did and did not want to happen to your belongings upon your passing. Did you want to donate certain items or some money to a favorite charity? Did you want certain individuals to receive certain items? This can all be spelled out exactly in an estate.
· Minimize Taxes – The IRS can hit your family with a large tax bill for your transferring for assets when not done with the assistance of a professional estate planning attorney and the creation of a will. Having a legal will with the help of an attorney can help reduce the tax burden on your family.
· Eliminate Family Conflict – Conflict may arise when family members are trying to sort out your assets. This happens frequently to families. Several people want your home or your car and they argue about it. A legal will or trust ensures that your assets are allocated properly and avoids family conflict.
Michael J Nies Attorney at Law is a probate attorney serving the Erie, PA community. We assist clients with estate planning and the probate process. Estate planning is the best way to ensure that your assets are distributed the way you want them to be upon your passing. A will helps speed up the probate process, which otherwise can take years to complete. If you need help creating your will or are stuck in the probate process, give our law office a call today!